ECF surges on IPO listing | Bangkok Post: business

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ECF surges on IPO listing

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Shares of newly listed companies continue to appreciate despite uncertainty following a free fall in the stock market last week. 

Shares of East Coast Furnitech Plc (ECF), which began trade on the Market for Alternative Investment (MAI) yesterday, doubled from their initial public offering (IPO) price.

The stock surged 101.67% to close the day at 2.42, after briefly hitting a high of 3.34 baht, in trade worth 837.65 million baht.

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