Metrocon (SGX:WYO) closed 17.5% above its SG$0.20 placement price at S$0.235 on its first day of trading on the SGX Catalist board.
The shares opened at SG$0.23 and reached an intraday high of SG$0.295, while about 8.45 million shares changed hands during the session, according to a Tuesday filing.
The Singapore-based geotechnical engineering specialist raised SG$4.6 million from the compliance placement to fund working capital and growth plans, it said.
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