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Singapore IPOs: Why I No Longer Cover Every Listing

Some readers may have noticed that I have not been writing about every Singapore IPO since last year. The simple reason is that life has become busier. Between my day job, an increasingly packed travel schedule, family commitments and desire to play more golf, I have become much more selective about how I spend my time.  Writing detailed IPO reviews takes time — reading prospectuses, analysing financials, comparing valuations and understanding the competitive landscape. While I still enjoy investing and writing, I no longer feel the need to cover every IPO that comes to market. Instead, going forward, I will probably focus only on IPOs where I am seriously considering investing my own money or where there is something particularly interesting that is worth discussing. I suspect this will make the blog more useful as well. Rather than writing about every deal, I can spend more time sharing my thoughts on the handful that I believe deserve attention. That bring...

Neo Group IPO balloting results

Neo Group announced its balloting results.



Based on my past experience, the 'highest chances' usually fall between applicants who apply for between 50,000 to  100,000 shares.  In addition, it may not be worth the effort if you get only one lot. Imagine you get one lot and your minimum commission is $30. You will need to sell above $0.36 in order to make more than your broker! And 6 cents already represent a 20% increase from the IPO price. 

Hmm... today is be my lucky day :)


Comments

KM said…
Shouldn't it be $0.33 cents? You don't need to pay commission to the broker for getting the ipo, if you bid via ATM, right?
Anonymous said…
yups, you will earn $30 if +20%.
Mr. IPO said…
I only computed one side. so the total commission will depends on your "minimum". If you use internet, usually $25-$28 (Broker) + $2 (ATM). I sometimes used a broker to maintain relationship , so $40 minimum.
Mr. IPO said…
Out 3 lots at 47.5. Thanks for the buffet lunch. :) yummy.

Return of 55% from IPO price is impressive and good enough for me.