It was quite rare to see such a "funny" announcement this morning.....
where bookrunner and BHG Retail REIT announced that they have "agreed" to proceed with the offering. This probably means they had 'robust discussion' on whether to proceed with the IPO. ^_^
I belong to one of the placement holders above... luckily it is for the 1,000 to 9,000 category. DBS even tried to "kill" the placement applicants by exercising its over-allotment issue of 24.636m. This will allow DBS to buy back at a lower price if the share price opens lower tomorrow. It is a "win-win" situation where DBS earns 1% placement fee and then make the difference again if they can buy below the IPO price tomorrow through its stabilization exercise! Disgusting!
There are only 594 applicants for the public tranche. If you have not heed my zero chilli ratings and apply for the shares - you will definitely get some shares. In most cases, you will get almost full allotment. Even the independent directors and cornerstone investors have to chip in to help subscribe for the shares.
Let's see how the stock price will "perform" on this coming Friday at 2pm. Be prepared for some bloodshed.