AUSTRALIA BUSINESS IPO NEWS

Fatfish Internet Group debuted on ASX at US$0.21 per share

Singapore’s Fatfish Internet Group has successfully listed on the Australian Securities Exchange, marking a hat-trick for Lau Kin-Wai

By Elaine Huang

ipo

Singapore-based accelerator Fatfish Internet Group (FFG) was listed on the Australian Securities Exchange yesterday at AU$0.22 (US$0.21) per share, a 10 per cent premium compared to its initial AU$0.20 (US$0.19) issue price.

The firm first announced on July 21 that it will be going public through a reverse takeover of Australian company Atech Holdings Ltd (now renamed to Fatfish Internet Group Ltd).

Also Read: mig33 to be acquired by Latin Gold; heading for reverse IPO

At its peak, FFG was trading at AU$0.29 (US$0.28) before it closed at AU$0.22 (US$0.21) yesterday.

This marks FFG’s Founder and CEO, Lau Kin-Wai’s third successful public listing in the last decade. His first initial public offering (IPO) was with Viztel Solutions Berhad, a telecom and mobile internet software startup. The second was with Oriented Media Group Berhad (Omedia).

Founded in 2011, Fatfish is now listed with 129,625,266 shares on issue and 1,350 shareholders.

Featured Image Credit: zhaoliang70 / Shutterstock


  • Fatfish
    Fatfish Singapore A Singapore based incubator and investor that is laser-focused on a particular segment of the interactive digital media (IDM) space Latest funding: Not specified Investors: Not specified



Upcoming Tech and Startups Events
Find more hot events in asia