THE first two initial public offerings (IPOs) of the year in Singapore are looking to reap S$9.2mil in net proceeds for expansion, among other plans.
As Hitchins Group launched its IPO of 20 million shares at 20 Singapore cents each on Monday, metal logistics firm GKE International said in a prospectus lodged with the Monetary Authority of Singapore (MAS) that it would offer twice that number of shares at the same price.
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