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Toku Ltd - Balloting Results

Toku , a Singapore-incorporated AI-powered customer experience (CX) platform, today announced the successful close of its initial public offering. The Company will be listed on the Catalist Board of the Singapore Exchange Securities Trading Limited following the completion of the offering, marking the first IPO of 2026 for the exchange.   You may refer to the ballot results below: Sharing the key highlights from the press release, as well as a quote from Thomas Laboulle, Founder and CEO, Toku.  Toku, the Singapore-incorporated AI-powered customer experience (CX) platform secures full subscription on SGX Catalist, raising  S$16.25 million  at  S$0.25  per Invitation Share.  The Public Offer attracted strong interest and was  31.9 times subscribed , from 1,115   valid applications for  63,888,300 Public Offer Sh...
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Frasers Logistics & Industrial Trust - Balloting Results



Frasers Logistics and Industrial Trust ("FLT") announced a strong set of subscription results where the offering was 6x subscribed. It is the largest IPO to-date with S$903m raised.

15 cornerstone investors took up ~48.6% of the units on offer and trading will start on 21 June 2016 at 9am.

"FLT's future growth is driven by a unique multi-pronged growth strategy, both organically through earnings upside from two pre-committed development properties and built-in annual rental increments; as well as Sponsor-driven, inorganic growth from the acquisition of three Call Option Properties, which have been 100.0% pre-committed to incoming tenants. Going forward, we intend to actively manage and enhance the REIT's portfolio to provide stable and growing distributions for our Unitholders." 

The balloting table for the public offering of FLT is presented below. It is very well subscribed. While investors who applied for shares will definitely get "some allocation", the number allocated is definitely well below what investors subscribed for. 


Given the 'hotness', the IPO should debut well unless it is "derailed" by Brexit sentiments. 

I understand from sources that this IPO is very well subscribed by HNWIs from private banks and were provided 50% leverage on them.

Good luck to those who subscribed :)
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Anonymous said…
Can You review the upcoming United global ipo
30 June 2016 at 08:56
Mr. IPO said…
Yes I will :)
30 June 2016 at 13:32
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