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Singapore IPOs: Why I No Longer Cover Every Listing

Some readers may have noticed that I have not been writing about every Singapore IPO since last year. The simple reason is that life has become busier. Between my day job, an increasingly packed travel schedule, family commitments and desire to play more golf, I have become much more selective about how I spend my time.  Writing detailed IPO reviews takes time — reading prospectuses, analysing financials, comparing valuations and understanding the competitive landscape. While I still enjoy investing and writing, I no longer feel the need to cover every IPO that comes to market. Instead, going forward, I will probably focus only on IPOs where I am seriously considering investing my own money or where there is something particularly interesting that is worth discussing. I suspect this will make the blog more useful as well. Rather than writing about every deal, I can spend more time sharing my thoughts on the handful that I believe deserve attention. That bring...

AsiaPhos - Balloting Results

AsiaPhos announced its balloting results. The announcement is here.

The IPO public tranche was more than 172x subscribed but when combined with the placement tranche, it is about 3.8x subscribed.

Placement Tranche

The results of the placement tranche is as follows:

 

The placement tranche was well supported and interestingly, Jim Rogers is one of the investors who have also recently invested in another commodity company listed here, Geo Energy. We shall see if his endorsement has a positive impact on the stock.

Public Trance


As for the public tranche, it is pretty difficult to get. If you apply for 100 lots, you will have a 18% probability but at least, they give you a more 'decent' 6 lots.

Mr IPO's results

It's a "white wash" and Mr. IPO failed in both ESA. :-(

Comments

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