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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...

Am I lucky or am I not lucky?


(source: shareinvestor.com)
The deteriorating stock market claimed 'another victim' today when MAP technology closes below its IPO price. (This will somewhat affect the sentiments on ETLA negatively?) In addition, the 'price premium' over the IPO price has also been decreasing steadily and the premium is now 10% to 20% on average. For the first time in many months, i actually wondered if getting allocated for IPO shares is a good thing under current bearish mood.
I am vested in both China Hongcheng and ETLA. A 10% to 20% premium over its IPO price will mean an opening range of 55 cents to 60 cents for China Hongcheng and 52 cents to 56 cents for ETLA. Good luck.

Comments

Anonymous said…
hi some ipos have recoiled back after today. lets hope friday's good