ValueMax will be launching an IPO with the offer price of $0.51. ValueMax IPO is the third pawnbroking stock to be listed here although ValueMax IPO will be the first such stock to be listed directly on the SGX; Maxicash and MoneyMax listed on the Catalist Board. ValueMax’s business not only lies in Pawnbroking, it also is in the business of retail and trading of re-owned jewellery and gold which complements its pawnbroking business. ValueMax also has investments in companies which are involved in the pawnbroking business in Malaysia.Now let us look at the financial figures: ValueMax's net profit grew 11.2 per cent to $14.3 million from 2010 till last year, on the back of a 27.8 per cent rise in revenue to $509 million. Looking at how the other 2 pawnbroking stocks debuted on the Catalist, I believe the first day performance of ValueMax ......
