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IPO Chilli Ratings

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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

ARA US Hospitality Trust - Balloting Results

ARA US Hospitality Trust announced that is IPO tranche is "fully subscribed" at 1.1x and UOB is over-alloted 22.727m units for "market stabilisation".

The balloting table for the public offer is below and all valid applicants applied received some allocation.



Mr Lee Jin Yong (李镇镕), Chief Executive Officer of the Managers, said, "The support we've received from both institutional and retail investors really encourages
us. We now forge ahead, embarking on a new chapter for the Trust. We will diligently focus on organic growth opportunities through active asset management and
thoughtfully expand the portfolio through accretive investments, always keeping a clear focus on providing stable cash flows and enhancing value for our securityholders
."

Mr John Lim (林惠璋), Group Chief Executive Officer of ARA, said, "The successful IPO of ARA US Hospitality Trust is a reflection of the market confidence in a ARAsponsored Trust that is underpinned by a quality portfolio and an experienced management team. Given the ARA Group's strong track record in managing REITs and the Trust's unique investment proposition as the first pure-play U.S. upscale select-service hospitality trust listed on the SGX-ST, we are very excited about its future potential."


I am not sure if 1.1x is exactly a strong endorsement but the the weak sentiments caused by the renewed US-China trade wars and the USD exposure probably makes it 'less appealing' for investors.

As mentioned, i didn't apply for this IPO as i have adequate exposed to USD denominated bonds.

Good luck to those who applied! 

Happy Hyatting! 

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