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IPO Chilli Ratings

IPO Chilli Ratings
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Foundation Healthcare Holdings IPO: The Biggest SGX Healthcare Listing Since IHH — Worth Chasing?

Special Edition: Foundation Healthcare IPO Singapore hasn't seen a healthcare IPO of this size in over a decade. Foundation Healthcare Holdings (" FHH ") is looking to raise up to S$242 million at an offering price of S$0.76 per share , implying a market capitalisation of roughly S$1.0 billion — reportedly the largest healthcare listing on SGX since IHH Healthcare's dual-listing back in 2012. Public offer closes 6 July, 12pm , with trading expected to start on 8 July 2026 . Let's dig into what FHH actually does, why parts of the story are genuinely attractive, where I'd want to be careful, and whether the pricing leaves anything on the table for IPO subscribers. The Business: A Doctor Roll-Up With a Tech Layer FHH is a multi-specialty private healthcare platform built on three verticals: Specialists — 108 full-time medical specialists across 16 specialties and 74 specialist clinics as at 31 March 2026, making...

IPO Performance Analysis


(source: Shareinvestor.com)

Let us take a quick look at performance of the IPOs covered by this blog since 07-07-07.

After the recent bloodbath early this week, RH Energy, China Sports and Yongxin (rated 3 Chillis) still trade more than 90% above its IPO price. Well done :) Most of the IPOs are currently trading 20% to 60% above its IPO price with only Finance One below water.

As mentioned in my blog, Fair Value can be a very tricky thing and it seemed that after the bloodbath, the shares have actually dropped to my fair value?! Is my fair value then the correct value and earn me the right to boast about them? Of course not but it just happen that most of the stocks are trading within or close to my 'fair value' range right now. My definition of Fair Value is : Whatever the market deemed is the fair value will be the fair value. My fair value is just a guide for me to know when to take profits as market can be overly depressed or overly exhuberant most of the time.

And the top 3 performing IPOs as of 5 Aug 2007 are ......

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