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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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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 :)


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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?
11 July 2012 at 00:37
Anonymous said…
yups, you will earn $30 if +20%.
11 July 2012 at 01:58
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.
11 July 2012 at 09:19
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.
11 July 2012 at 11:30
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