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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...
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Pacific Radiance - Balloting Results

Pacific Radiance announced that its books was 2.2x covered.

The balloting results for the public tranche is as follows:


You can see from the table above that it is truly difficult to get the shares via the public market as there were only 5m shares available.

Those who applied for 100 lots only have a 33% chance of getting 6 lots each.

With regards to the placement tranche, there is some support as well. The directors supported as well as some interesting institutional investors.


I will not elaborate further, good luck to those who managed to get. I am not sure if it will open with a bang but will be happy if it is trading above $1.
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