Shares of marble producer Terratech Group, which made its Catalist debut this morning, hit 28 cents, up about 22% compared to its IPO price of 23 cents a share.
At 1 pm, Terratech was trading around 25 cents each. More than 85.3 million shares changed hands.
Terratech, a unit of SGX-listed Tritech, had issued 108.7 million shares, comprising 43.5 million new shares and 65.2 million vendor shares, at a price of 23 cents each, to raise gross proceeds of $25 million.
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