Singapore Institute of Advanced Medicine Holdings Ltd
Singapore Institute of Advanced Medicine Holdings Ltd ("Sam" or the "Company") is offering 114m new shares comprising 4.415m Public Offer Shares and 109.585m Placement Shares at $0.23 each for a listing on Catalist. The Company aims to raise $26.2m and the majority of the proceeds will be used to repay debt and the balance for working capital. The market cap based on the IPO price is $231.8m and the offer will close on 14 Feb at 12 noon and starts trading on 16 Feb 2024 at 9am. Principal Business SAM is a healthcare service provider using advanced technology for early and accurate diagnosis to detect and treat cancer, neurodegenerative and cardiovascular diseases. SAM has strategic collaborations with public and private institutions for research and clinical work. SAM's goal is to create a comprehensive one-stop ambulatory cancer centre to undertake the challenges to fight cancer and is one of the first to adopt proto beam therapy treatment in Singapore. Fi
Comments
let's pray it stays this way or dua chiong.
I am the guy who applied 21 lots and got 3 lots. I am happy that Courts were very generous in their ballot in terms of you get a two in one chance of getting something for almost every single tranche (1-9, 10-49, 50-99 etc).
That said, I personally prefer that the chances of getting be lesser and then those who get, will get more lots. So instead of 23:50 ballot ratio, we can have 10:50 with the person getting more say instead of 3 get 5 lots?
What do you think? My rationale is simple: More people hold the stock more likely that someone will panick and sell cheap at the opening bell (Hu An Cable remember???)
Also, the lesser lots you get means it is v hard to break even, those get say 2 or 3 lots, is hard to recoup unless share price dua chiong.
I think retail trache usually won't "move" a needle so how it perform post IPO will depends on who they place out the shares to. As you can see, they couldn't satisfy the institutions as well, so there might be some support post IPO. Plus the over allotment was "activated" so there will be some support if price drops below IPO price.
On the whole, it is tough to make a lot of money from punting IPO, so just treat it as a tikam game unless u have access to placement tranche of good counters...
I should have made 150 (selling at 0.83), but I only make 90 (selling at 0.81), I had 3 lots. Had a lecture and missed the opening bell, by the time I saw the share was on a free fall. Now 0.785 dead duck