where got bad timing... ultimate objective is to garner funds from market, which they did. share price doesnt affect them.

in fact it allows them to issue stock options (if its in place) at a cheaper price.

susan66      ( Date: 27-Jan-2010 23:14) Posted: "Ryobi Kiso (J8O.SG) holding just slightly above S$0.26 IPO price as investors content to take some money off table amid caution in broad market. Shares last at S$0.27 vs high of S$0.295 in early trade. "I guess people are playing it safe in this market. It's better to take profit while you still can," says dealer at local brokerage. Mild gains follow subdued debut Friday by Tiger Airways (J7X.SG), Singapore's first listing in 2010, which opened flat at S$1.50 before closing at S$1.58. Still, NRA Capital says fundamentals of ground engineering firm sound, backed by resilient construction sector; "going from 2009, private sector demand is expected to be soft, but public sector projects are expected to be robust. Ryobi Kiso has been able to generate an amazingly high margin as compared to other civil engineering related services." Notes company's gross margin for last three years ranged from 28.9%-37.5%. Orderbook quotes suggest minimal upside beyond current session high of S$0.295." Report sounds good but unfortunately listed at the wrong timing. Still no chance to sell yet, hope tomorrow will have chance. Knightrider, you also subscribed for this IPO? Just unlucky, bad timing.