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

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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).

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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

Elaine Huang

Elaine is a fervent believer that if there ever is a zombie apocalypse, we will all be snapping away at them with our phones and posting them onto Instagram. A Mass Communication graduate of Ngee Ann Polytechnic's School of Film and Media Studies, she enjoys writing about technology and entrepreneurs. When not hashtagging her way through all sorts of trouble, Elaine is probably contemplating how to write in the third person.

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