Coffee chain operator lists on SGX Catalist

From its IPO price of $0.25, Kimly opened at $0.55 on Monday.

Singapore Exchange (SGX) has welcomed Kimly Limited to Catalist under the stock code “1D0”.

Mohamed Nasser Ismail, head of Equity Capital Market (SME) and head of Capital Market Development, SGX, said, “We are very excited to welcome Kimly, one of the largest and most recognisable coffee shop operator chain in Singapore. The listing of Kimly provides investors with an avenue to invest in Singapore’s growing food and beverage sector. Kimly joins SGX's expanding family of more than 150 listed companies from the Consumer sector.”

Kimly opened at $0.55, after placing 173.8 million new shares at $0.25 per piece for its initial public offering.