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The Assembly Place - Balloting Results

This is probably one of the most usual press releases that went alongside the SGX announcement of the balloting results. The Company released a full presentation deck , which is actually quite informative, with information of upcoming pipeline etc (probably the Company felt that it is safer to release this after the IPO closes and not before). The balloting table is as follows: The IPO has drawn strong interest from prominent institutional funds such as Avanda Investment Management (as investment manager for and on behalf of its fund(s)) and Lion Global Investors Limited (as investment manager for and on behalf of its clients), along with prominent investors, including Mr Han Seng Juan, Mr Rudolf Jurgen August Rolles and Mr Chong Soon Kong @ Chi Suim2 , underscoring strong confidence in TAP's investment proposition. Separate from the Invitation, cornerstone investors, namely Apricot Capital Pte. Ltd., Asdew Acquisitions Pte. Ltd., Cache Capital Pte. Ltd., ICH Synergrowth Fun...
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iFAST Corporation - Balloting Results

iFAST Corporation announced a strong set of IPO subscription results where the shares were 12.4x subscribed. The over-allotment option was exercised and in this regard, an additional 3.28m shares were issued. This will be used to support the share price should it decline below the IPO price on debut.

Public Allocation


Public investors who applied for 100 lots will have a 40% chance and get 11 lots.


It is interesting to note that the directors came out in full force to support the IPO and that 3 other reputable investors subscribed for more than 5% of the IPO tranche. It's a pity they didn't disclose the number of shares alloted to them.

Overall, i am surprised by the strong subscription results and the CEO attributed to strong support by institutional investors, especially those from London.

 

Let's see if the IPO will perform to expectations tomorrow. 

Happy iFASTing


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Anonymous said…
Reach 1.01.
11 December 2014 at 10:26
K said…
Hi.. where is the quickest place online to see the ipo ballot results?

Thanks
11 December 2014 at 16:29
Anonymous said…
Noluck! Ask 5 got 0
12 December 2014 at 16:44
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