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Russia's Don Agro debuts at S$0.25 on SGX, 13.6% higher than IPO price

17 Feb 2020

• 17 Feb 11:22

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RUSSIAN agri and dairy firm Don Agro International on Friday made its debut on the Singapore Exchange's (SGX) Catalist at S$0.25, 13.6 per cent higher than its initial public offering (IPO) price of S$0.22 apiece. As at 10.50am on Friday, the counter was trading flat at S$0.245. Don Agro, whichoperates winter wheat, sunflower and dairy cattle farms in southern Russia'sRostov region, is the first Russian firm to be listed on the Singapore bourse.Its IPO involved the issuance of 23 million new placement shares at S$0.22 each toraise some S$5.1 million. Evgeny Tugolukov, executive chairman of Don Agro International, noted that being listed on SGX will. Read more...