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IPO Chilli Ratings

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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

IPO Performance Table

Dear readers,


I am pretty heartened to receive email queries on why my 'calculations' on the performance table seemed to be wrong and asked if i have either received special commission rates or have calculated wrongly. Let me just clarify that:



  1. The commission i pay is minimum $40 or 0.4%. The reason why i pay $40 commission is because i prefer to maintain some goodwill with some brokers and route some IPO trades through them. 
  2. For other times when i trade online, the commision may be minimum $28 or 0.275% etc. 
  3. Rather than tracking the commission separately, my table records cost that includes commission and proceeds that excludes commission. As such, the cost price per share and sale price per share are derived figures. Cost price per share = (Investment cost plus placement commission if any)/no. of shares. Sale price per share = (Gross proceeds less commission)/no. of shares.
Hope the above clarifies.

I am pleasantly surprised how detailed readers have been. :) and thanks for the feedback.

Just for completeness sake, Saxo is charging 0.15% but they don't amalgamate trades and cannot trade pre-open and pre-close. Standard Chartered Bank has no minimum commission and charges quite a low commission.

Pick one that meets your needs. :)


Comments

Anonymous said…
Be aware that both Saxo and Chartered do not use CDP. They hold the shares for you.
I use Saxo for the sophisticated things you could automate - eg. stop losses, trailing stop losses etc but I don't put all my eggs in one basket.
Mr. IPO said…
Yep agreed. I like the OCO function on saxo but i have never used the trailing stop. Is it effective? how does it actually work?