Thursday, July 04, 2013

PS Group IPO

PS Group Holdings Ltd, a supplier of fasteners, yesterday launched an IPO, placing 20.4 million new shares at $0.25 each for a proposed listing on the Catalist Board. The placement closes at noon on July 9, with the listing and trading of the shares expected to start on a "ready" basis at 9am on July 11. I believe when someone wants to subscribe to this IPO, he must weigh for himself the competition of print vs online media. Fasteners are used for print media and in this IT era, tablets, iphones, smart phones are very popular.

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