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Siam2You up 7.85% on first day of trade.
Byline: Ploy Chitsomboon
May 5--Siam2You Plc, a mobile-phone applications provider, made a strong debut on the Market for Alternative Investment yesterday, closing up 7.85 percent from its initial public offering price.
S2Y opened trade yesterday at nine baht, compared to its IPO price of seven baht. Shares rose as high as 10.1 baht each before closing at 7.55 baht, up 7.85 percent from its IPO price.
KGI Securities was the lead underwriter for the offering.
Niklas Stalberg, the Siam2You chief executive officer, said the strong opening refleceted investors' confidence in the company's fundamentals.
He added that the IPO price ...
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