Premium Catering opens at $5.30, IPO priced at $4.75 per share

Premium Catering, a food caterer supplying prepared meals to foreign workers in Singapore as well as operating food stalls and providing buffet catering services, priced its initial public offering of an aggregate 2M ordinary shares at a public offering price of $4.75 per share. The company is offering 1.65M ordinary shares and selling shareholders are offering in aggregate 350,000 ordinary shares. The shares began trading on the Nasdaq Capital Market under the ticker symbol “PC.” Bancroft Capital is acting as sole underwriter for the offering.