Singapore Institute of Advanced Medicine Holdings Ltd
Singapore Institute of Advanced Medicine Holdings Ltd ("Sam" or the "Company") is offering 114m new shares comprising 4.415m Public Offer Shares and 109.585m Placement Shares at $0.23 each for a listing on Catalist. The Company aims to raise $26.2m and the majority of the proceeds will be used to repay debt and the balance for working capital. The market cap based on the IPO price is $231.8m and the offer will close on 14 Feb at 12 noon and starts trading on 16 Feb 2024 at 9am. Principal Business SAM is a healthcare service provider using advanced technology for early and accurate diagnosis to detect and treat cancer, neurodegenerative and cardiovascular diseases. SAM has strategic collaborations with public and private institutions for research and clinical work. SAM's goal is to create a comprehensive one-stop ambulatory cancer centre to undertake the challenges to fight cancer and is one of the first to adopt proto beam therapy treatment in Singapore. Fi
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Basically what i meant is that the big players who wants to buy the Trust will be able to get their placement allocation and there is no need to buy the shares from the post-ipo market and the price will not 'move up' if big players dont push up the price.
Thanks."
Hi Michelle, please ask your questions here, easier for me to reply. It depends on the size of the float and the demand for it from institutional investors. In addition, the timing is also crucial to investors. Imagine a REIT launching a REIT at the peak of the property bubble, the owners will be happy to 'cash out' at high property valuation by selling to investors but investors who bought into the REIT at that time may face a decline in value of the properties when the down cycle starts.