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The Assembly Place - Balloting Results

This is probably one of the most usual press releases that went alongside the SGX announcement of the balloting results. The Company released a full presentation deck , which is actually quite informative, with information of upcoming pipeline etc (probably the Company felt that it is safer to release this after the IPO closes and not before). The balloting table is as follows: The IPO has drawn strong interest from prominent institutional funds such as Avanda Investment Management (as investment manager for and on behalf of its fund(s)) and Lion Global Investors Limited (as investment manager for and on behalf of its clients), along with prominent investors, including Mr Han Seng Juan, Mr Rudolf Jurgen August Rolles and Mr Chong Soon Kong @ Chi Suim2 , underscoring strong confidence in TAP's investment proposition. Separate from the Invitation, cornerstone investors, namely Apricot Capital Pte. Ltd., Asdew Acquisitions Pte. Ltd., Cache Capital Pte. Ltd., ICH Synergrowth Fun...
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Financial One

Financial One Corporation provides a variety of services to small and medium enterprises and its business include leasing, factoring and lending. The prospectus is here. I didnt too much analysis on this stock so it will not be fair for me to commend on this company. It was priced at the lower end of its indicative range. I didnt apply for the shares for the following reasons:

(1) The float is huge. 225m shares and subject to over allotment.
(2) 70% of its income is derived from Taiwan and as it is the pre-dominant player with 40% market share there, thus upside growth in Taiwan may be limited.
(3) Personally i felt that it should have listed on Taiwan Stock Exchange to command a better valuation. Perhaps it chose to list here to avoid the political situation where investments in China could be limited by politics.
(4) Investors here may not be familiar with the Company.

It opened below its IPO price and ended flat today at $1.15 (most likely this is supported by the underwriters JP Morgan and DBS Bank). Let's see if it can prove its doubters wrong.

Ratings - 1 Chilli (Avoid)
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