Lasseters Has Strong Stock Market Debut
25 May 2004
SINGAPORE – As reported by the Business Times: "Investors who bet on Lasseters International Holdings played their cards right when the Singapore bourse's first casino operator rose 51.1 per cent on its debut yesterday, breaking the recent streak of poor listing debuts.
"Sesdaq-listed, Australian-based Lasseters was the day's most active stock, with 87.6 million shares changing hands. It opened at 40 cents and dipped to a low of 33.5 cents before ending at 35.5 cents - 12 cents above its offer price of 23.5 cents.
…A dealer with a local broking house said Lasseters' first-day performance was driven partly by its niche as the only listed gaming play on the Singapore Exchange, and the relatively small public float…"