After a quiet first quarter, Singapore will see this year’s first IPO of size start trading on Thursday. Bumitama Agri, a crude palm oil producer with all of its businesses in Indonesia, saw strong demand for the IPO, allowing it to fix the price at the top of the range for a total deal size of S$221.7 million ($177 million). If that interest is any indication, the stock should trade well.
¬ Haymarket Media Limited. All rights reserved.
