SICT shares surge 200% in debut

MAI-listed Silicon Craft Technology Plc (SICT), a radio frequency identification (RFID) microchip R&D firm, began its first day of trade on a high note, with the share price hitting the ceiling with a 200% gain.

SICT shares closed at 4.14 baht, up 2.76 baht from the IPO price of 1.38 baht, in trade worth 158.6 million baht.

SICT achieved the highest closing price on the first day of trade in more than three years in Thailand, with the price increase reaching the ceiling 200% immediately after shares debuted on the Market for Alternative Investment.

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