SINGAPORE: Shares in Nanofilm Technologies International Ltd jumped nearly 17% on their debut on Friday after the initial public offering (IPO) raised up to S$510 million ($375 million), in the biggest listing on the Singapore bourse in eight years.
The IPO is one of the few listings of a high-tech firm on the Singapore Exchange, which has become a global hub for real estate investment trusts over the past decade. Fundraising in Southeast Asia has improved this year but pales compared with North Asian markets.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
