Wow this has been a pretty busy season for IPOs thus far. The newest player to join the game is Union Gas Holdings, which will be listed on the Catalist Board. But before we delve into the analysis, let’s take a look at how the recent IPOs fared.
|Company / Stock||IPO Price||Current Price||Gain / Loss|
|World Class Global||$0.26||$0.26||0%|
|Union Gas Holdings||$0.25||?||?|
– 60 million shares for offer at $0.25 each
– 1.28 million public tranche
– IPO closes on 19 July 2017, 12 noon.
Union Gas Holdings (UG) is a well-known household name that most of you should be familiar with. Its business consists of supplying bottled liquified petroleum gas (LPG) to households in Singapore, compressed natural gas (CNG) to retail and industrial customers, and it operates a fuel station at 50 Old Toh Tuck Road which also carries diesel.
They’re a familiar brand name to most people so there’s no need for much introduction…