iFAST joins the Mainboard after oversubscribed IPO

It has a market cap of $243.4m.

Internet-based investment products distribution platform iFAST Corporation today joined the mainboard after an oversubscribed IPO.

iFAST offered 32,800,000 new shares, which were approximately 12.4 times subscribed. The 14-year-old firm is headquartered in Singapore.

The listing of iFAST Corporation brings the number of financial companies listed on SGX to 40, with a total market capitalisation of S$272 billion.

Shares in iFAST Corporation opened at S$0.995, up 5% today.

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