Food Innovators makes Catalist debut at $0.20, 9.1% below IPO price

Quick Summary:

Proceeds from the IPO will go towards funding the expansion of its food retail business within and outside Japan.

FIH, incorporated in 2019, has two main business pillars – food retail in Japan, Singapore and Malaysia, and restaurant leasing and subleasing in Japan.

FIH’s trading debut comes a day after the company announced that its IPO closed with 14 million of its new shares fully subscribed at $0.22 apiece.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanMalaysia

Topics: Restaurant Food Japanese Makes Cent Debut Innovators Catalist Shares Million Public

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 10:40:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 520 words

Reading Time: 3 minutes read

Sentences: 30 lines

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Copyright Owner: © The Straits Times

News ID: 23081589

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