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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...

IHH Healthcare Berhad - Finalize its price.

IHH Healthcare Berhad finalized its IPO price at RM2.80 with strong demand from Institutions. With Ringgit at record lows against SGD, the IPO price in SGD is fixed at $1.113 per share. The company also over alloted 169m shares and these shares will be used to stablize the market should price fall below the IPO price. The manager usually deploy this tactic when the demand is 'extra hot' and this stabilization exercise will continue for the earlier of 30 days or when the 169,429,366 shares have been bought back.

This is a very interesting IPO as the shares are fully fungible and the Manager can perform stabilization on either the Bursa or the SGX. Let's see which 'side of the causeway' performs better on that day. The indicative time table is below. You can check your balloting results on 23 July and trading will commence on 25 July.




Comments

Anonymous said…
Hi,

Can you write on post on the upcoming Ascendas Hospitality Trust?

Thanks.
Mr. IPO said…
Sure but let it get registered and release it's pricing first.