SG Fleet enters market in wrong gear

SG Fleet’s (SGF) market debut will give fresh ammunition to sceptics who shun initial public offers because of their poor track record.

SG Fleet’s (SGF) market debut will give fresh ammunition to sceptics who shun initial public offers because of their poor track record.

The novated leasing and vehicle fleet management solutions provider crashed to $1.72 on first trade at noon, which is 7.03% below its offer price of $1.85 a share.

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