The IPO market continues to stay busy with a mix of mainboard and SME issues drawing investor attention ahead of their listings. Grey Market Premiums (GMPs) offer a quick snapshot of sentiment, though they are unofficial and not always an indicator of listing-day performance. Here are five upcoming IPOs and the GMP trend around them.
Apollo Micro Systems shares rally 9% as Q2 net profit jumps 56% YoY
Apollo Micro Systems has reported an impressive rise in Q2 earnings, with net profit soaring by 56% compared to last year. Revenues spiked 72%, hitting