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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...

Synagie Corporated Ltd - Balloting Results

Synagie Corporation Ltd ("Synagie" or the "Company") announced that its public offer was 4.3x subscribed.

The balloting table is below for your reference. Investors who applied for 100,000 to 499,999 shares was allocated the bulk of the IPO.


I have to admit that I am surprised to see Nikko Asset Management being named as one of the anchor investors in the placement tranche. Not sure which of their funds has bought into Synagie. 

Commenting on the response from investors, Mr Clement Lee, Chief Executive Officer & Executive Director of Synagie Corporation said: "We wish to thank our investors for their support and for believing in our business and its growth potential. Being listed on SGX provides us with a new platform that will give us better access to the capital markets and help enhance our position as a leading e-commerce enabler in the region."

 Good luck to those who have applied!

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