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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...

Secura Group Limited - Balloting Results

Secura announced that its entire IPO was 2.2x subscribed but the Company decided to allocate shares to all its public IPO applicants. Investors who applied for 50,000 shares will get 3,000 shares and 6,000 warrants. They definitely make it difficult for these shareholders to sell as such numbers is "neither here nor there".


Anyway good luck to those who applied. ^_^ 

Comments

Anonymous said…
I was sceptical about this counter too..Thank god I read your posting and decided to pass.Don't think it will be a good bet given the poor listing timing and the placement price offered to the rest..Anyway,good luck to all who has been allocated...
Mr. IPO said…
Well... We will know later. It may jolly well be a wrong call by me...
alvin said…
Quite strange, those people applying for 1 lot. How do these people expect to make money after fees?
Anonymous said…
Thank you Mr IPO. I almost convinced by those corner stone investors because I never read so deep like you for all the concerns.
I decided to avoid this IPO and I think the market already telling us we are right!
Mr. IPO said…
Probably they are asked to make up the shareholders numbers....