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Wednesday, 29 November 2017

No Signboard Holdings Ltd - Balloting Results


No Signboard Holdings Ltd ("No Signboard" or the "Company") announced that its IPO of 65,734,500 shares received overwhelming response from investors.

At the close of IPO, the public tranche of 2.5m shares was 268.6x subscribed.

Commenting on the strong support for the IPO, Mr Sam Lim (林荣森), Executive Chairman and Chief Executive Officer of No Signboard said, "We are very encouraged by the overwhelming response to our IPO from cornerstone investors, institutional investors and the public, as they clearly recognise our growth potential. We have had over 30 successful years in the F&B business and to bring the Group to the next level, with the aim of delivering significant growth in shareholders' value, we will focus on our expansion roadmap that includes launching a new casual dining concept, expanding our premium beer operations and venturing into the ready meal business." 

 

Investors who applied for any number of shares has a 1:9 chance of being allotted. That is a pretty low probability.

Mr IPO applied for a lot of shares but was unsuccessful.... 

Good luck to those who managed to get some shares! 😀

4 comments:

Anonymous said...

Will you buy when it opens tomorrow?

Mr. IPO said...

I won’t usually answer such questions lah... How I know what price it will open ... you can take it as no 🤣

Unknown said...

Looks like singaporeans really like the f&b industry..

Anonymous said...

Looks like singaporean really like f&b stocks.. should be opening high

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