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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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Superman underpants?

Great Group holdings must have employed Superman to be its underwear spokesman. The share price debut at 31 cents and fly all the way to a high of 43 cents before closing at 41.5 cents, up a whopping 40% from its IPO price. The volume traded was a whopping 86.8m shares, more that the no. of shares issued and sold by vendors for this listing! Gaoxian's underwriter and issue manager could well learn a few tricks from Daiwa by limiting the number of shares issued and placing the shares to strong hands who can then do some post market activity. Shortists who tried to short the counter were certainly caught with their pants down this time. hahaha :)
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