Kimly Share Price-enjoys 120% on trading debut, Companies


Kimly Share Price

Kimly Share Price which is officially nated to be the first coffee shop operator to list on the Singapore Exchange, soared on its their trading debut on the Catalist board on Monday (March 20).Shares of Kimly Ltd opened trading at S$0.55, 120 per cent above its initial public offering price of S$0.25. Kimly Share Price 173.8 million share offering was 8.3 times subscribed, with the public tranche of 3.8 million shares subscribed 336 times.

The IPO raised S$43.5 million in gross proceeds.In a market update on Monday, SGX said it lists 11 restaurants and three food retail stocks with a combined market capitalisation of about S$20 billion. The 14 stocks averaged a total return of 9.8 per cent year to date, with the three strongest performers being LifeBrandz, Dairy Farm, and ABR Holdings.Any update of Kimly Share Price will be made available soonest.

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