Is Double Dragon Properties (DD) the new darling of Philippine stock market investors?
This seems to be the case as the stock celebrated its first month of trading with an unprecedented bullish run.
Double Dragon (DD) reaches price ceiling on 1st trading day
Investors who participated in the Initial Public Offering (IPO) of Double Dragon Properties enjoyed a 50% paper gain in just one day, after the stock closed at P3.00 during its first trading day in the Philippine Stock Exchange.
Double Dragon (DD) IPO: 14 times oversubscribed
According to the Chairman and CEO of Double Dragon Properties, the first company to conduct an Initial Public Offering (IPO) this year, the company’s IPO offer was 14 times oversubscribed, a sign that there may be healthy demand for the stock.