UOB, in its role as the IPO manager for Aztech Global, has purchased 10 million shares in the company at a unit price of $1.28 on March 15.

Shares in Aztech Global opened at $1.29 before trading at a high of $1.31 around 9.40am. Shares throughout the day were hovering around the $1.28 and $1.29 mark, before closing flat at $1.29.

On March 12, shares in Aztech Global opened at $1.39 before closing at $1.29, 1 cent higher above its IPO price.

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Aztech Global, which launched its IPO on March 4, was previously listed as Aztech Group. Aztech Group’s founder, CEO and executive chairman Michael Mun, in 2017, launched a privatisation offer at 42 cents per share, valuing the company at about $21.42 million.

The offer price at the time, is 13.2% below the volume weighted average price (VWAP) of the preceding 12-month period of 48.4 cents.

Today, Aztech Global’s IPO price at $1.28 per share has valued Aztech Global, the technology unit of Aztech Group, at $990.4 million.

See also: Aztech's Mun ditches roast duck and stays focused on electronics coreAztech IPO more than 16 times subscribedAztech Global launches IPO on SGX Mainboard, to raise gross proceeds of $297.0 milAztech Global files draft IPO prospectus, 18 cornerstone investors named and Aztech chairman Mun to privatise company at 42 cents per share