Rush for Pacific Radiance shares

Singapore: Oversubscribed by 2.2 times Pacific Radiance saw its IPO raise $154.7m as it listed today on the Singapore Stock Exchange.
 
The offshore operator sold 171.9m shares at a launch price of 90 cents. 
 
In morning trading shares in the offshore operator opened up at 98 cents and have since dropped to be trading at 93 cents, up 3.3% on the launch price. [13/11/11]
 
 
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