At that price the Singapore listing-candidate is valued at a slight discount to its peers, but the fact that it was able to avoid pricing at the very bottom in the current volatile market environment was a clear testament to the quality attached to this name and the strength and prestige of the brand, observers say.
The Singapore stock market fell 3.6% during the two-week bookbuilding and has plunged 13.7% from its record high on May 3. The two newcomers to...
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