New companies present new opportunities for investors. But not all of them will do well. These stocks go public during initial public offerings, or IPOs, thus broadening the range of companies that investors can choose from. In March last year, we wrote about three newly-listed Singapore stocks that had made their debut. They are — Nanofilm Technologies International Ltd (SGX: MZH), Credit Bureau Asia (SGX: TCU), or CBA, and G.H.Y. Culture and Media Holding (SGX: XJB), or GHY. All three IPOs met with an enthusiastic response last year. Nanofilm’s shares were 19 times oversubscribed, CBA’s retail offer was 60.8 times oversubscribed, while GHY’s public tranche was 16 times oversubscribed. Let’s take a look at these three companies one year later to see how their business has fared. Nanofilm Technologies Nanofilm’s shares have been on a roller coaster ride. The engineering company’s IPO was priced at S$2.59 and its shares rose as high as S$6.53...