Gems TV IPO oversubscribed

The company's unique business model and strong growth potential underpins Singapore's fourth largest IPO this year.

The initial public offering by Gems TV Holdings proved to be as popular among institutional investors as the UK TV channels that sell its jewellery, allowing the company to fix the price towards the top of the offering range for a total deal size of S$308.6 million $198 million.

The companyƆs unique business model, which combines the manufacturing of handcrafted coloured gemstone jewellery at two production facilities in Thailand with the operation of television home-shopping channels dedicated to the...

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