Friday, 16 June 2017

HRnetgroup - Balloting results

HRnetGroup announced strong demand for its shares which was 15x subscribed. The list of cornerstone investors were pretty impressive as well.

According to a DB's memo to client, HRnetGroup priced its IPO at the top of the price range and at a premium to its peers on 2017 PE basis. There was a total of 7 cornerstone investors including Fidelity and Aberdeen who have not participated as cornerstone investors in Singapore since 2014.

The balloting table is below for your reference:

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