OUE Hospitality Trust rounds out debut at 88 cents, flat on IPO price
OUE Hospitality Trust closed flat on its debut on Thursday, amid a weak general market and many punters looking to offload their units on the first day of trade.
After being listed at 2pm, the counter ended the session at 88 cents - unchanged from the initial public offering price.
Units traded in a tight band throughout the day, hitting an intra-day high of 89 cents within the first minute of trade before falling to a low of 87.5 cents.
The counter finally closed flat at its IPO price.