JCSE - Industrial cleaning systems provider JE Cleantech see stock jump 23%

Shares of JE Cleantech (JCSE), which held its initial public offering in late April, shot up 23% in afternoon trading Tuesday. JCSE stock opened at $7.66, hitting an low of $7.48 in early trading before jumping to a high of $9.57 in early afternoon. Shares recently changed hands at $9.21, up 23%, at approximately 2:00 p.m. ET. The Singapore-based company held its IPO on April 22, offering 3M shares priced at $4 per share to raise $12M. The stock rallied 375% its first day to close at $19 per share. JCSE shares have been highly volatile since its IPO, plunging 68% on April 27 to close at $5.12 per share. For more IPO news, check out SA’s IPO News page.

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Industrial cleaning systems provider JE Cleantech see stock jump 23%