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).
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.