24 Aug '11, 3pm

Fitness First to list on SGX by late September

Fitness First to list on SGX by late September

SINGAPORE: Reports said Fitness First has been granted approval to list shares on the Singapore Exchange. The UK gym operator is aiming to debut by late September. Dow Jones said the company had sought approval for the listing in April and was given the green light from the exchange late last week. The group was originally looking to raise up to S$700 million through the initial public offer (IPO), and it could cut the size of its offer if challenging market conditions persist, according to the report. Fitness First would be the latest foreign firm to list in Singapore after Hutchison Port Holdings Trust raised US$5.4 billion last month in Singapore's largest IPO.

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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