Obstetrics and Gynecology firm O&G Singapore debuted on the Catalist Board last week. The company had hoped to raise 10.9 million with the issuance of shares at 25 cents a piece. At that price, the PE ration is 12.8x, an extremely conservative valuation by today’s standards. Brian from A Path to Forever Financial Freedom has done a great write up on it prior to the IPO. I have no qualms that it is a great stock to own at that price. I was not the only one apparently – the IPO was oversubscribed by 18x. On the first day of trading, it opened at 45.5 cents, almost doubling on its placement price. On Friday, the second day of trading, it closed at 67.5 cents, inching towards a 300% gain for the lucky punters shrewd investors. The Initial Public Offering created quite a stir in an otherwise flaccid ......