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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...

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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