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Foundation Healthcare Holdings IPO: The Biggest SGX Healthcare Listing Since IHH — Worth Chasing?

Special Edition: Foundation Healthcare IPO Singapore hasn't seen a healthcare IPO of this size in over a decade. Foundation Healthcare Holdings (" FHH ") is looking to raise up to S$242 million at an offering price of S$0.76 per share , implying a market capitalisation of roughly S$1.0 billion — reportedly the largest healthcare listing on SGX since IHH Healthcare's dual-listing back in 2012. Public offer closes 6 July, 12pm , with trading expected to start on 8 July 2026 . Let's dig into what FHH actually does, why parts of the story are genuinely attractive, where I'd want to be careful, and whether the pricing leaves anything on the table for IPO subscribers. The Business: A Doctor Roll-Up With a Tech Layer FHH is a multi-specialty private healthcare platform built on three verticals: Specialists — 108 full-time medical specialists across 16 specialties and 74 specialist clinics as at 31 March 2026, making...

Soilbuild Construction - Balloting Results

Soilbuild announced that its IPO was 7.5x subscribed.

The balloting results as follows:


As you can see, it is quite difficult to get a meaningful allocation unless you apply 500 lots (outlay of $125k) of which you then receive 5 lots. Anything less than 500 lots, you get only 1 or 2 lots and the chance of getting it is quite low anyway and can't possibly cover the brokerage unless the IPO opens strongly.

I didn't apply so no "IPO results" to show you.


Comments

Anonymous said…
The company or its underwriting bank should have some common sense ....
What is the purpose of giving one lot??

To help generate business for SGX???
Mr. IPO said…
To meet the 1,000 shareholders requirement.
Anonymous said…
On Friday, STI has dropped 61.2 points, seem like beginning of "Sell on May and go away".

With your expertise, what will be the 1st Day Closing Price of this IPO.

Thanks in advance.
Mr. IPO said…
My guess is that it will open between 27-30c.
Anonymous said…
Got lucky, 2 lots! :)
Anonymous said…



[[ anonymous 7 ]]


re : What is the purpose of giving one lot??

=================

I think this is because retail "investors" flip and stag too much.

So, just allocate nothing to retail investors. That will solve the problem.

Just and deserved desserts.

Mr. IPO said…
My "syndicate friend" says 35c and above. Lets see :)
Anonymous said…
brother IPO, soilbuild 0.390. listing price 0.25, even 1 lot also huat big lei. u sure about asia tv ipo? sentiment so good maybe we can make kopi $$$
Mr. IPO said…
Haha. I am not sure but also prove my "syndicate" friend very zhun. :-P

APTT is tricky as the float is too big and difficult to "control" but may attract yield hungry investors. There are one or two buy reports being circulated by the professional analysts. You may want to read their reports and make your own decisions. ^_^
Anonymous said…
what your syndicate friend say about asian pay tv? hahahas
Mr. IPO said…
haha checking with him now :P

I am seriously undecided whether to apply or not. I am thinking of punting but the huge float is always a big worry. hahaha
Anonymous said…
This IPO offer price was 25 cents but 1st day open price was 37 cents. How does 37 cents was determined?

1st day closing price was 36 cents but 2nd day open price was 35.5 cents. How come open price was 35.5 cents instead of 36 cents?

Thanks in advance.
Mr. IPO said…
It's all demand and supply la.
Anonymous said…
How come 1-2 lots then cannot cover.the brokerage.