JustCo Raises $73M in IPO as Shares Open 9.6% Below Price

Deal Summary

GIC‑backed co‑working operator JustCo completed its IPO of 32.1 million shares, raising about S$100 million (~$73 million) with cornerstone investors. The offering was 3.4 times subscribed, but the stock opened 9.6 % below its IPO price on debut.