Firearms firm Starburst makes stellar SGX Catalist debut

It has now traded more than 10 million shares.

Starburst, a homegrown firearms engineering firm, today commenced trading at Singapore Stock Exchange’s Catalist.

Starburst had sold more than 10 million shares by noon on Thursday. These were priced at 42 cents per share, higher than its Initial Public Offering of 31 cents per share.

According to Lawrence Wong, Head of Listings at SGX, “We are pleased to welcome Starburst Holdings Limited, another home-grown company, to Catalist. Starburst has an established track record in providing integrated firearms-training solutions and we look forward to them leveraging on Catalist to further strengthen their business in Southeast Asia and Middle East.”

The listing of Starburst Holdings brings the total number of companies on Catalist to 144 with a combined market capitalisation of $10.5 billion.