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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...

PACC Offshore Services Holdings Ltd - Balloting Results

The balloting results is finally out at 10pm.

Please find below the balloting table for the public tranche.


While the chances to get is almost 68% to 100%, at least they are kind enough to give you less than what you asked for. Investors who applied for 50 lots will almost "guaranteed" to receive about 11 lots.

Over-allotment

The over-allotment issue is also triggered, meaning that the stablizing manager will buy if the share price drops below the IPO price of $1.15.

Institutional Investors

The institutional investors are almost "absent" except for Lion Global (under OCBC/Great Eastern) and under Fullerton Fund Management Company. I don't think they will be of much an impact to the debut.

The shares will start trading at 9am tomorrow morning.

Happy IPOing if you have bought.


Comments

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