12:05 PM EDT, 09/25/2024 (MT Newswires) -- Premium Catering ( PC ) shares were down from their highs in recent Wednesday trading, reversing early gains in their Nasdaq debut.

The food caterer operating in Singapore priced its initial public offering of 2 million shares at $4.75 apiece, for gross proceeds of $9.5 million. The offering is set to close on Thursday, subject to customary closing conditions.

The stock was recently trading at $4.80, after opening at $5.30 before advancing to as high as $5.73.

Price: 4.51, Change: -0.24, Percent Change: -5.05