Credit Bureau Asia debuts on SGX Mainboard

CIMB Bank Berhad Singapore is the issue manager.

Credit Bureau Asia (CBA) commenced its trading debut with an opening price of $1.15 and around 9.4m shares traded on the Mainboard of the Singapore Exchange Securities Trading.

CBA has a market capitalisation of more than $214.26m, from 230.39 million shares issued at an offering price of $0.93.

The group’s share price closed at $1.07, approximately 15% above the offering price.

"This share price performance is a reflection of the market’s appreciation of our company and its resilient cash-generative business model. As we embark on our journey as a listed company, we aim to create greater shareholder value for our shareholders,” CBA Executive Chairman Kevin Koo said.

CIMB Bank Berhad Singapore is the issue manager for the IPO, whilst CGS-CIMB Securities (Singapore) is the underwriter and placement agent.

CBA is an organisation that provides credit and risks information solutions to an extensive client base across Singapore and other countries.