Netlink NBN Trust announced its IPO was 2x subscribed. Considering its large float, this is a decent subscription rate.
Mr Tong Yew Heng (唐耀兴), Chief Executive Officer of the Trustee-Manager, said, "The
robust demand from both institutional investors and retail investors to our IPO is a strong
vote of confidence in the NetLink Group's unique investment proposition. The NetLink
Group's future growth is driven by a clear strategy to tap opportunities in the residential,
non-residential and non-building address point segments, underscored by the continued
growth in data consumption. Going forward, we intend to provide our Unitholders with
regular and predictable distributions."
The balloting ration is below.
It is not difficult to be allocated (between 70% to 100% chance) to get some shares. Mrs IPO managed to get 13,000 shares. I made the mistake of not getting Mrs to apply in the 100,000 range as that will get her 25,000 shares. (I didn't apply as i want to use cash sitting inside my SRS account. see post
here)
Good luck to those who managed to get some shares. I guess i have to buy some from the open market. Let's see how it opens tomorrow.
Comments
sob
My first time applying for IPO.I applied for 12000 Netlink shares.
I went to my CDP account and check my portfolio. There was nothing indicated for Netlink.
Does that mean I did not get any? :(
When the units will credit to CDP account? From the internet banking I see successfully got 13000.