Challenger IPO 23 times subscribed

Jan 14, 2004
The Business Times

ELECTRONICS retailer Challenger Technologies, which debuts on Sesdaq today, said its initial public offer of 32 million new shares at 23 cents apiece was 22.7 times subscribed. Meanwhile, metal stamper CFM Holdings, which will list on Friday, said one Lim Hoe Kok and 2G Capital's Tommie Goh were each allocated 1.1 million shares, or 5 per cent of the company's 22 million share IPO.

The Straits Times

CHALLENGER Technologies, which provides a range of IT products and services, said its initial public offer (IPO) of 32 million new shares was 22.65 times subscribed.

Challenger - which sold the shares at 23 cents apiece - will start trading on Sesdaq today.