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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

Lendlease Global Commercial REIT - Balloting Results

Lendlease Global Commercial REIT ("Lendlease REIT") announced that its placement tranche was 9.9x subscribed while its IPO was 14.5x subscribed. There was strong demand from over 100 institutional and corporate investors.

Investors who applied 50,000 units has 60% chance of being allotted 5,200 units. This is actually quite pathetic but you can see that the Issuer favoured "smaller applicants" whereby the more you apply, the lower the chances. ðŸ˜€


Mr Kelvin Chow (周颂业), Chief Executive Officer of the Manager, said, "The strong
support from Cornerstone, Institutional and retail investors underscores the strength
of our high quality portfolio of stable cash flow generating commercial assets
strategically located in two gateway cities with attractive retail and office markets."
"This resilient portfolio checks all the right boxes necessary to generate long-term
stable distributions for our Unitholders with visible organic growth potential through
built-in rental escalations and positive market dynamics, as well as inorganic growth
from the support of our strong Sponsor's established platform whose development
pipeline is approaching A$100 billion," he added

Trading will start tomorrow at 2pm. 

Congrats to those who were successfully allotted. Mr. IPO applied for 50,000 but did not manage to get any!

Happy Lendleasing


Comments

Anonymous said…
How do you get the 60% informations?
Mr. IPO said…
It’s in the balloting table. 30:50 chance :)
Unknown said…
Worth investing in listed market?
Lyndon said…
Similar to the other investors who have mentioned, personally I didn't get any allocation as well (a slight disappointment)