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IPO Chilli Ratings

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

New IPO chillis ratings

To celebrate the launch of the facebook page, the chilly ratings for IPOs is  revised as follows for IPOs launched after today:



The ratings above is just a tongue-in-cheek and is meant for short term indication only.  How IPOs perform in the short run depends greatly on market sentiments and perceived prospects. In the long run, many events post listing render the ratings useless. I have refreshed the definitions on 21 April 2018 to include the likely opening price on the first day.

Chopped Chilli  - Save your $2 for a good cup of coffee or a plate of chicken rice if you can still find it. Likely opening price: Around or below IPO price

1 Chilli -  You are in the mood for love or adventure and feel like donating $2 to the bank or buy a big sweep ticket. Likely opening price: 0% to 10% upside

2 Chillis - Hit and run. Your $2 can probably buy you a month's worth of mee pok with chilli.  Likely opening price: 10% to 20% upside

3 Chillis - This IPO is hot. Your $2 is probably going to buy you a romantic dinner for 2 with a bottle of red wine included. Likely opening price: More than 20% upside

Comments

Melinawatson said…
This comment has been removed by a blog administrator.
Ryan said…
Hi Mr. IPO,
I am new in investing. When you give a 3 chillis rating to a specific company, do you have a specific time frame as to how long should we hold the shares before selling it?
Mr. IPO said…
Hi Ryan,

There is no time frame. The chilly ratings are purely to indicate whether you can subscribed and sell off on the first day. :)
Ryan said…
Thank you very much for you precious advice.
Anonymous said…
Opinion on EMAS Offshore offering?
Mr. IPO said…
Wait la. Busy with work
Anonymous said…
New IPO on Monday, whats your take?