Trendlines Group's IPO 'fully subscribed for'

SINGAPORE - Israeli firm Trendlines Group announced on Tuesday that all the shares in its initial public offering (IPO) have all been "fully subscribed" to.

The company, which incubates early-stage life sciences companies in the medical and agricultural fields, said in a filing to the Singapore Exchange that it has received 286 applications for the public offer, which represented some 75.8 million offer shares for 33 Singapore cents each.

About S$25 million was raised by the close of the IPO at noon.

The shares are expected to commence trading on the Catalist board on Nov 26.

tsjwoo@sph.com.sg