Shares & Derivatives
This stock has gone back to near its IPO price, is it time to invest in it?
By Singapore Stocks Investing (SSI)  •  August 14, 2016
In December 2014, iFast Corporation listed on SGX with an offer price of $0.95. I remember that there was some interest among the investing community in this stock then considering how there was an interest in financial technology (Fintech) then which continues till today, if not, even more. Then there was also the interest in FundSupermart.com, a platform under iFast. Investors also noted that SPH is the largest substantial shareholder in iFast with a stake of over 30%. iFast stock traded and closed at its all-time high of around $1.53 in May last year, which rewarded IPO investors with a 60% capital return. However, iFast stock has since gone down to near its IPO price. As of 12 Aug 2016, iFast stock closed at $0.965, just a little shy of its IPO price. What is very noteworthy is the fact that prior to the trading session ......
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By Singapore Stocks Investing (SSI)
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