Complex sentence: On its first day of trading the stock closed at $0.98,32 percent above its IPO price, valuing Bumitama's market capitalization at 1.7 billion Singapore dollars.
Split into simpler sentences: On its first day of trading, the stock closed at $0.98, which was 32% above its IPO price. This valued Bumitama's market capitalization at 1.7 billion Singapore dollars.