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
What is the purpose of giving one lot??
To help generate business for SGX???
With your expertise, what will be the 1st Day Closing Price of this IPO.
Thanks in advance.
[[ anonymous 7 ]]
re : What is the purpose of giving one lot??
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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.
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. ^_^
I am seriously undecided whether to apply or not. I am thinking of punting but the huge float is always a big worry. hahaha
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.