Union Gas - Balloting Results

Posted by Mr. IPO June 01, 2026

Singapore IPOs: Why I No Longer Cover Every Listing

Some readers may have noticed that I have not been writing about every Singapore IPO since last year. The simple reason is that life has become busier. Between my day job, an increasingly packed travel schedule, family commitments and desire to play more golf, I have become much more selective about how I spend my time. Writing detailed IPO reviews takes time — reading prospectuses, analysing financials, comparing valuations and understanding the competitive landscape. While I still enjoy investing and writing, I no longer feel the need to cover every IPO that comes to market. Instead, going forward, I will probably focus only on IPOs where I am seriously considering investing my own money or where there is something particularly interesting that is worth discussing. I suspect this will make the blog more useful as well. Rather than writing about every deal, I can spend more time sharing my thoughts on the handful that I believe deserve attention. That bring...

Union Gas announced that its IPO drew strong support from investors and was 7.1x subscribed.

Ms. Alexis Teo （张淑婷）, Chief Executive Officer of the Group said: "We are very encouraged by the positive response to our IPO from investors and I extend my deepest appreciation for the confidence they have shown in us. This listing is just the beginning for Union Gas. We have several expansion plans and I hope that our new family of investors will continue to support the Group as we carry out these plans."

The balloting table is presented below for your information:

It is difficult to get the shares through the public offering. Investors who applied for 100,000 shares will have 8% chance of being allotted 6,000 shares.

The placement was quite likely to be placed out to close friends and relatives as well

Good luck to those who managed to get some shares!

Happy "gassing" 😂

Comments

Anonymous said…

It seems like a good turn-out for the Union Gas IPO. I initially thought the Netlink IPO would absorb much of the liquidity from the IPO market and leave little for the subsequent IPOs for the rest of the quarter.

20 July 2017 at 23:03