Frasers Hospitality Trust ("FHT") announced that its public offer of 45.454m stapled securities was approximately 13.8x subscribed. I have to say that this a strong set of subscription results given the big float.
FHT will start the trading debut at 2pm on Monday 14 July 2014.
The over-allotment issue of 35.737m stapled securities have also been triggered, which means the price stablisation will occur should the debut be weak. Given the strong demand, my gut feel is that this will not be required in the first week.
It is not too difficult to get the shares. Investors who subscribed between 50 to 199 lots will receive about 9 lots each and the probability is around 42%.
Happy IPOing!
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