Singapore Stock Market News
Lamborghini dealer launches IPO
StockFanatic
Publish date: Wed, 08 Jan 2014, 12:01 PM
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The distributor group behind the Lamborghini and Alfa Romeo brands is seeking a Catalist listing to raise about $8.46 million to expand its automotive and lifestyle businesses in Singapore and overseas.
EuroSports Global Ltd yesterday launched its initial public offering of 80 million shares at 28 cents apiece, with a historical price-earnings ratio of 9.38 times based on the group's earnings per share of about 2.99 cents for the year ended March 31, 2013.
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