Skip to main content

IPO Chilli Ratings

IPO Chilli Ratings
Click to understand how it works

Featured

Posted by

Foundation Healthcare Holdings IPO: The Biggest SGX Healthcare Listing Since IHH — Worth Chasing?

Special Edition: Foundation Healthcare IPO Singapore hasn't seen a healthcare IPO of this size in over a decade. Foundation Healthcare Holdings (" FHH ") is looking to raise up to S$242 million at an offering price of S$0.76 per share , implying a market capitalisation of roughly S$1.0 billion — reportedly the largest healthcare listing on SGX since IHH Healthcare's dual-listing back in 2012. Public offer closes 6 July, 12pm , with trading expected to start on 8 July 2026 . Let's dig into what FHH actually does, why parts of the story are genuinely attractive, where I'd want to be careful, and whether the pricing leaves anything on the table for IPO subscribers. The Business: A Doctor Roll-Up With a Tech Layer FHH is a multi-specialty private healthcare platform built on three verticals: Specialists — 108 full-time medical specialists across 16 specialties and 74 specialist clinics as at 31 March 2026, making...
Post a Comment
Read more
Labels
Posted by

SLB Development Ltd - Balloting Results

SLB Development ("SLB" or the "Company") announced that its public tranche of 8m shares was 20.6x subscribed. Combining with the placement tranche of 238m shares, the overall IPO was 1.7x subscribed.

Commenting on the robust investor demand, Mr Matthew Ong, Executive Director and CEO of SLB, said, "The positive demand from both retail and institutional investors clearly shows the confidence in SLB's business model and growth potential. This is just the beginning and with a view to pursuing opportunities in Singapore and abroad, we are excited to bring SLB to the next level of growth."

The public offering balloting table is below:


Investors who applied for 10,000 to 49,000 shares will have a 52.5% chance of being allotted 5,000 shares.


With regards to the placement tranche, 6 investors (i lumpted ICH and Mr Toe as one) were allotted a total of 91m shares (~38% of the issuance). The names comprises some known names in the property circle such as Simon Cheong of SC Global, Low See Ching of Oxley, Teo Kee Bock from Super Group, Lin Yu Cheng from United Enivrotech,  as well as the former "S-Chip" kingpin, Han Seng Juan of Centurion and Toe Teow Heng from ICH Group.

I hope these "towkays" will help support the debut... 

Happy SLBing!
Email Post
Labels:

Comments

Post a Comment