UltraGreen.ai Jumps in Singapore’s Biggest Non-Property IPO Since 2017

UltraGreen.ai’s shares jumped as much as 12% in their trading debut Wednesday after an initial public offering that was the biggest in Singapore since 2017 outside real estate investment trusts.

The company, which provides fluorescence technology used in surgical imaging, had priced shares at $1.45 apiece and raised $400 million in its debut. The shares closed 4.8% higher on their first day of trading.