SG Morning Highlights | Singapore Proptech Company Simpple Prices Nasdaq IPO at US$5.25 a Share
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened higher on Thursday; STI up 0.18%
●Singapore proptech company Simpple prices Nasdaq IPO at US$5.25 a share
●BlackRock, SGX launch climate action ETF at local equity record of US$426 million
●Stocks to watch: Prudential, Cordlife
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened slightly higher on Thursday. The $FTSE Singapore Straits Time Index(.STI.SG$ rose 0.18 per cent to 3,224.61 as at 9.04 am.
Advancers / Decliners is 64 to 43, with 42.11 million securities worth S$50.26 million changing hands.
Breaking News
Singapore proptech company Simpple prices Nasdaq IPO at US$5.25 a share
Proptech company Simpple has priced some 1.6 million ordinary shares for its initial public offering (IPO) at US$5.25 apiece. The counter started trading on the Nasdaq Capital Market on Wednesday (Sept 13) under the ticker symbol “SPPL”, announced the Singapore-headquartered technology-solution provider in the property-technology space on Wednesday. As at 11.55pm (Singapore time), the counter was trading at US$5.24, after having reached a high of US$5.70 and a low of US$4.90, indicated the Nasdaq website.
BlackRock, SGX launch climate action ETF at local equity record of US$426 million
Asset manager BlackRock teamed up with the Singapore Exchange (SGX) and MSCI on Thursday (Sep 14) to list a US$426 million exchange traded fund (ETF). This is the largest equity amount for an ETF launched in the city-state. The fund tracks the MSCI Asia ex-Japan Climate Action Index, which is part of the suite of MSCI Climate Action Indexes launched at the end of last year. It is designed to represent the performance of companies that lead their sectors in terms of their positioning and actions for making a climate transition.
Stocks to Watch
$Prudential USD(K6S.SG$ : Prudential has shelved plans for a separate wealth management unit in Singapore. It will instead refocus its wealth offerings in the Republic, as part of its new strategy and to ensure that it offers a clear proposition to its customers, the insurer said in response to queries from The Business Times.
$Cordlife(P8A.SG$ : Cordlife has updated that a possible transaction announced earlier in relation to its shares is not on the table anymore. The mainboard-listed cord blood banking company, in a bourse filing on Wednesday (Sep 13), said it had been notified that the confidential discussions between Cradle Investments and the third party in relation to a possible transaction has ceased. Shares of Cordlife hit a three-year high of S$0.495 amid heavy trading on Jun 26 after the company said it was aware of a possible transaction for an offer for its shares.
Latest Share Buy Back Transactions
Source：Business Times, SG investors
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