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IPO Chilli Ratings

IPO Chilli Ratings
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Astrea 8 Private Equity Bonds

Astrea 8 is offering two classes of A rated bonds to the public: SGD 260 million Class A-1 @ 4.35% (5 years)  USD   50 million Class A-2 @ 6.35% (6 years) Application for the bonds will close on  17 July 2024 at 12 noon What are Astrea PE Bonds? Astrea is a bond programme where each series of bonds are backed by cash flows from a unique portfolio of PE funds. Astrea 8 is the latest series of PE bonds by Azalea. Given the history of my blog, I have covered all the issuances in the past and you can find the links below: Astrea IV  Astrea V Astrea VI Astrea 7 I have decided not to go through the details of the portfolio and how it works given I have written so many prior write ups.  You should read the gatefold and watch the management presentation available online. In the event you just want to meet the team behind the bonds, you can also sign up for the meet the people session taking place  next Monday evening (I saw it in the advertisements today).  In a nutshell, the portfolio is wel

New IPO chillis ratings

To celebrate the launch of the facebook page, the chilly ratings for IPOs is  revised as follows for IPOs launched after today:

The ratings above is just a tongue-in-cheek and is meant for short term indication only.  How IPOs perform in the short run depends greatly on market sentiments and perceived prospects. In the long run, many events post listing render the ratings useless. I have refreshed the definitions on 21 April 2018 to include the likely opening price on the first day.

Chopped Chilli  - Save your $2 for a good cup of coffee or a plate of chicken rice if you can still find it. Likely opening price: Around or below IPO price

1 Chilli -  You are in the mood for love or adventure and feel like donating $2 to the bank or buy a big sweep ticket. Likely opening price: 0% to 10% upside

2 Chillis - Hit and run. Your $2 can probably buy you a month's worth of mee pok with chilli.  Likely opening price: 10% to 20% upside

3 Chillis - This IPO is hot. Your $2 is probably going to buy you a romantic dinner for 2 with a bottle of red wine included. Likely opening price: More than 20% upside


Melinawatson said…
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Ryan said…
Hi Mr. IPO,
I am new in investing. When you give a 3 chillis rating to a specific company, do you have a specific time frame as to how long should we hold the shares before selling it?
Mr. IPO said…
Hi Ryan,

There is no time frame. The chilly ratings are purely to indicate whether you can subscribed and sell off on the first day. :)
Ryan said…
Thank you very much for you precious advice.
Anonymous said…
Opinion on EMAS Offshore offering?
Mr. IPO said…
Wait la. Busy with work
Anonymous said…
New IPO on Monday, whats your take?