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The Assembly Place - Balloting Results

This is probably one of the most usual press releases that went alongside the SGX announcement of the balloting results. The Company released a full presentation deck , which is actually quite informative, with information of upcoming pipeline etc (probably the Company felt that it is safer to release this after the IPO closes and not before). The balloting table is as follows: The IPO has drawn strong interest from prominent institutional funds such as Avanda Investment Management (as investment manager for and on behalf of its fund(s)) and Lion Global Investors Limited (as investment manager for and on behalf of its clients), along with prominent investors, including Mr Han Seng Juan, Mr Rudolf Jurgen August Rolles and Mr Chong Soon Kong @ Chi Suim2 , underscoring strong confidence in TAP's investment proposition. Separate from the Invitation, cornerstone investors, namely Apricot Capital Pte. Ltd., Asdew Acquisitions Pte. Ltd., Cache Capital Pte. Ltd., ICH Synergrowth Fun...
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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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