Wednesday, 9 July 2014

Starburst Holdings Limited - Balloting Results



Starburst Holdings Limited announced their balloting results this evening and the company will start trading tomorrow. The entire tranche was about 9.5x subscribed. I have to say that IPO is very hot.

Public Tranche


The public offer is very difficult to get with probability of around 14% for those who applied for 100,000 shares.

Placement Tranche


As per my IPO write up, Alan Wang from Asdew Acquisitions took 10m placement shares and Eastspring Investments (part of Prudential) are the anchor for the placement tranche. Collectively, they own about 6.4% of the Company and the remaining free float is now reduced to about 34m shares (13.6%). My personal view is that the two are quality investors with a long term investment holding horizon. This should bode well for investors of Starburst.

Happy IPOing and congratulations to those who got the shares. ^_^

15 comments:

Anonymous said...

I applied 250 lots and got 5 lots.

Anonymous said...

Mr IPO, will u consider holding long-term? part of your SRS portfolio?

Mr. IPO said...

I would consider if I have gotten the shares at IPO. But having said that it all depends on how it debut.

Anonymous said...

Strong debut, Sell and keep profit...

Weak debut, buy and hope this would be ur million dollar break?

:)

Mr. IPO said...

Something along those lines. Haha :)

Anonymous said...

Hi Mr Ipo,

U sold ur placement shares?

Or added for long term?

Anonymous said...

wow, a very powerful debut. Have you sold yours, Mr IPO?

Mr. IPO said...

Sold some at 43. Still holding some. If for long term, it will be in my "SRS" account.

Anonymous said...

Congratulations, Mr IPO! Price now is 47.5c. :-)

Mr. IPO said...

Thanks! Small holdings nia

Anonymous said...

Still going strong today. Looks like a keeper, niche supplier and security spending is inelastic, regardless of good/ bad times.

Lucky applied for 30k, got 3k. First Catalist company in my portfolio

Mr. IPO said...

You are very lucky indeed. :) all the best!

Anonymous said...

Hi Mr. IPO. After the 1H2014 result, do you now keep this in your SRS account?

Mr. IPO said...

Unfortunately, I was too busy and didn't have time to load this.

Anonymous said...

But at least do you now consider this for long term holding?

Mobile Ad

Related Posts Plugin for WordPress, Blogger...

Google Analytics