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...
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