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Wednesday, 27 September 2017

APAC Realty Limited - Balloting Results

I rarely see such balloting announcement results where there was no accompanying 📢press release and APAC Realty Limited announced its placement and public tranche subscription rates separately🤔:
  • Placement tranche of 44,503,200 shares was 13.4x subscribed
  • Public Offering of 4,411,000 shares was 29x subscribed
In connection with the offering, DBS, the stabilization manager was also over-alloted 9.75m shares and will step in to stabilize the market if necessary

The placement tranche was placed out in the following manner:

and the public tranche balloting results is below. 

It is also interesting to note that investors who applied for any number of shares has an equal 42% chance of getting the shares! 😎 The Issuer didn't favor the big applicants or the small ones. 

Strong group of Institutional Investors

I am actually surprised that the issuance received quite a bit of interest from both hedge fund managers and traditional fund managers. The list is of managers awarded the shares are below and it doesn't include the cornerstone investors:

How did Mr. IPO fare in the balloting?

It is also quite rare whereby my broker said that i can still apply at the ATM even though i was given 2,000 placement shares. 

Here is my application results - 

Overall, i think APAC managed to attract strong interest in its placement tranche where it eventually priced at the high end of the 60-66 cents range. Good luck to those who managed to get some shares!

Happy APACing


Anonymous said...

Hi Mr Ipo, any forecast in opening price?

U keeping for long? Tks

Mr. IPO said...

Hahaha don't know leh. See how the opening goes.... I have some internal regulations to abide by with regards to how long I need to hold the stock... I will be happy if it opens above 72c.

Anonymous said...

Hi Mr IPO, good day.side track a bit. Could you comment if "mappletree logistics trust new unit and excess new unit" worth subscribe ?

Thank you in advance.

Mr. IPO said...

Hahaha I don't follow MLT.. can't give you advise but i will usually take up excess rights if the company is worth investing 😊

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