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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www.fool.sg/2015/04/06/5-things-you-should-know-about-lhn-limiteds-upcoming-ipo/
There has been a lack of interest and confidence in the Singapore markets for the past 6-12 months. or maybe ever since the Asiason, Liongold, blumont debacle.
However, without the support of the Spore IPO scene, the Singapore market might get into a perpetual stagnant stance.
What it needs is the wealth effect to jumpstart the Spore scene again and give confidence to investors.
1st IPO in SG... perform well... followed by
2nd IPO in SG... perform well... followed by
3rd IPO in SG... perform well...
Investors then have confidence to invest in other companies.
This lack of interest and liquidity is a chicken and egg situation.
The investors that used to invest in Singapore have become like what real estate is in Singapore as real estate investors have either sat in the dark or have turned their eyes to the overseas market.
Investors should jump back in or brokerages should work together to create liquidity again
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