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UI Boustead REIT - Balloting Results

UIB REIT announced that its IPO was around 3.3x subscribed. This is commendable considering the volatile market conditions. The balloting table for the public offering is presented below. Everyone who applied receives some allocation.  The IPO will start trading on 12 March 2026 at 2pm. Happy IPOing.
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Mercator Lines (Singapore) Limited

Mercator Lines is a leading Indian-owned international dry bulk shipping company focused on India and other high growth markets such as China.

This IPO was launched while I was on my annual vacation, thus there is no write up on it.

Anyway, it has proven to be a flop as it was priced at $0.76 eventually, versus an initial indicative price range of $0.76 to $0.94. Even then that did not help as it closed at 60cents on the first day of its debut, which is 21% below its IPO price!

What a disappointment and it further worsen the IPO sentiments in Singapore.
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