Skip to content
Grazia British
Will UltraGreen.ai be able to shine in a market dominated by big, dividend-paying companies?

Will UltraGreen.ai be able to shine in a market dominated by big, dividend-paying companies?

By Kim Browne

Culture

As the newly listed stock slides below its IPO price, DFI Retail Group is soaring on plans to boost its profitability and lift its dividend payout ratio

In the end, the much anticipated listing of UltraGreen.ai on Dec 3 was something of an anticlimax.

While its shares popped nicely when trading kicked off, they were struggling to stay above water by the end of the week. They closed on Friday (Dec 5) at US$1.44 – just below their initial public offering (IPO) price of US$1.45.

On the face of it, this lacklustre start is disappointing. UltraGreen.ai is exactly the kind of technology-driven, growth-oriented listing aspirant that Singapore’s public market ecosystem has been trying to draw in order to revive its fortunes.

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

More Culture

Will UltraGreen.ai be able to shine in a market dominated by big, dividend-paying companies? | Grazia British