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ASLAN's Downsized US IPO Off To A Slump Start

 
• By Ian Haydock

Singapore venture ASLAN's US IPO has got off to a disappointing start, with the shares in what was already a downsized offering falling sharply in early trading.

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ASLAN ADSs SLUMP • Source: Shutterstock

There was no mighty roar, nor likely even contented purring, for oncology-focused Asian venture Aslan Pharmaceuticals Pte. Ltd. following its US initial public offering on the Nasdaq Global Market.

The Singapore-based venture set a public price of $7.03 per American Depositary Share in the offering of six million ADSs, each comprising five ordinary shares and all sold through ASLAN

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