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Pegasus Asia debuts on SGX mainboard at 0.2% above IPO price
The special purpose acquisition company (SPAC) saw some 143,900 units changing hands as at 9.14 am. Based on the trading price of S$5.01 at the time, Pegasus's market capitalisation would be about S$170.3 million.
Pegasus is the second SPAC to be listed on the SGX mainboard. Its listing comes a day after Vertex Technology Acquisition Corporation (VTAC) opened on the exchange on Thursday at S$5.25. VTAC closed up 1 per cent at S$5.05 on Thursday.