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Singapore Institute of Advanced Medicine Holdings Ltd

Singapore Institute of Advanced Medicine Holdings Ltd ("Sam" or the "Company") is offering 114m new shares comprising 4.415m Public Offer Shares and 109.585m Placement Shares at $0.23 each for a listing on Catalist.  The Company aims to raise $26.2m and the majority of the proceeds will be used to repay debt and the balance for working capital. The market cap based on the IPO price is $231.8m and the offer will close on 14 Feb at 12 noon and starts trading on 16 Feb 2024 at 9am.   Principal Business SAM is a healthcare service provider using advanced technology for early and accurate diagnosis to detect and treat cancer, neurodegenerative and cardiovascular diseases.  SAM has strategic collaborations with public and private institutions for research and clinical work.  SAM's goal is to create a comprehensive one-stop ambulatory cancer centre to undertake the challenges to fight cancer and is one of the first to adopt proto beam therapy treatment in Singapore. Fi
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Ayondo Ltd - Balloting Results





Ayondo Ltd announced that its public tranche was 4.5x subscribed and on an overall basis, the IPO was 1.3x subscribed.

The public allotment results is as follows:


You can see that 36% of the public offering went to investors who applied for 100,000 to 499,900 shares and they will 32% chance of getting 80,000 shares.


In terms of institutional investors, i am surprised to see Pheim Asset Management applying for 30.8% of the public offering, effectively taking up a substantial part of the IPO. You can read about the "investment philosophy" here. 


255 readers participated in my online poll and the majority of it (47%) indicated that they will be giving Ayondo a miss and that only 16% will apply.

The exploding trade war between US and China over the course of last week and the sell down in the tech sector in US on Friday night probably meant that Ayondo has "chosen" the worst time to debut on the SGX on Monday . . .





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