All-Link Air & Sea IPO Draws Strong Demand; Opens at SG$0.53

MT Newswires

Aug 05

All-Link Air & Sea (SGX:ALK) received strong investor demand for its initial public offering of 37.9 million shares, according to a Wednesday filing with the Singapore Exchange.

The offering comprises 35.8 million placement shares and 2.1 million public offer shares at SG$0.53 each, raising gross proceeds of about SG$20.1 million.

The public offer was subscribed about 4.85 times with 409 valid applications for a total of 10.2 million shares.

Meanwhile, the placement was about 1.24 times subscribed and drew indications of interest for around 44.3 million shares.

The company is a regional logistics solutions provider, offering end-to-end logsitics, freight forwarding and supply chain management services.

All-Link Air & Sea shares opened at SG$0.53.

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Sea (SGX:ALK) received strong investor demand for its initial public offering of 37.9 million shares, according to a Wednesday filing with the <a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>.</p><p>The offering comprises 35.8 million placement shares and 2.1 million public offer shares at SG$0.53 each, raising gross proceeds of about SG$20.1 million.</p><p>The public offer was subscribed about 4.85 times with 409 valid applications for a total of 10.2 million shares.</p><p>Meanwhile, the placement was about 1.24 times subscribed and drew indications of interest for around 44.3 million shares.</p><p>The company is a regional logistics solutions provider, offering end-to-end logsitics, freight forwarding and supply chain management services.</p><p>All-Link Air &amp; Sea shares opened at SG$0.53.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ALK.SI","symbol_name":"All-Link A&S","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2657918125","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2657918125","pubTimestamp":1785896885,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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