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Thursday, 13 August 2015

CMC Infocomm Limited - Balloting Results

CMC Infocomm announced it balloting results this evening where the shares were subscribed by 4.68x.

Public investors who apply for 100,000 shares will have a slightly better than 50% chance and be allotted 7,000 shares. The balloting table is below.

I didn't realize it has one of the largest public tranche this year... must be a brave soul to do that and have to 'credit' them for that. :oP

I can't believe the Sponsor made such a mistake in announcement though. Based on the table below, do you think Kevin Phua applied and was allotted 50,000 or 50,000,000 shares and KCS applied for 2 million or 2 billion shares? so obviously, they should have deleted the '000 at the top of the table (circled in red).

I have to say the market sentiments is horrible right now. Let's see how it performs at debut ^_^

Happy IPOing


Anonymous said...

It proves that when something is easy to get, better dun get it.. U got 100 lots so easily means danger ...

really underwater now. 22.5 cents.. U losing quite a lot for ur 100 lots.

I cut loss early in the morning at 24.5 cents..

Mr. IPO said...

:) good for you.

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