Jackspeed Corporation Ltd’s initial public offering (IPO) of almost 40 million shares at S$0.30 has met with an excellent response. See leatherbiz.com story, ‘Singapore’s Jackspeed Corporation to raise S$8.5 million in IPO - 17.11’.

The Singapore maker of leather trim for car seats has said its public tranche, accounting for 10% of the IPO, was in fact 199 times oversubscribed. Including placement shares, the entire offer was 21 times oversubscribed.

Trading on its stock began today on the Singapore Stock Exchange’s main board.

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