Courts Asia prices Singapore IPO at top to raise $111 million

The retailer of home electronics and furniture is well received with about 50 investors participating in the deal, despite the company’s small-cap status.
<div style="text-align: left;">Once a well-known British brand, Courts is emerging from a remarkable transition </div>
<div style="text-align: left;">Once a well-known British brand, Courts is emerging from a remarkable transition </div>
October 09, 2012

Courts Asia, a home electronics and furniture retailer in Singapore and Malaysia, has raised S$137.1 million ($111 million) from its initial public offering after fixing the price at the top of the range. The company will start trading on the Singapore Exchange on October 15.

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