IPO_SGX: RE&S Holdings Limited (S$0.22)

Japanese restaurant group RE&S Holdings has priced its initial public offering of 38 million shares at 22 Singapore cents a share.

RE&S is offering 38 million shares, with 35 million shares being placed and three million shares for public subscription.

The group, which owns and operates 72 food and beverage outlets in Singapore and five in Malaysia, has a portfolio of 20 brands including Ichiban Boshi, Ichiban Sushi and Sumiya, across full-service restaurants as well as quick-service ones and convenience.

Counter code: 1G1
Offer Price: S$0.22
-update- first day trade
Open: $0.355 (+ 61.4%)
Close: $0.31( +40.9%)