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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...
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Lendlease Global Commercial REIT - Balloting Results

Lendlease Global Commercial REIT ("Lendlease REIT") announced that its placement tranche was 9.9x subscribed while its IPO was 14.5x subscribed. There was strong demand from over 100 institutional and corporate investors.

Investors who applied 50,000 units has 60% chance of being allotted 5,200 units. This is actually quite pathetic but you can see that the Issuer favoured "smaller applicants" whereby the more you apply, the lower the chances. ðŸ˜€


Mr Kelvin Chow (周颂业), Chief Executive Officer of the Manager, said, "The strong
support from Cornerstone, Institutional and retail investors underscores the strength
of our high quality portfolio of stable cash flow generating commercial assets
strategically located in two gateway cities with attractive retail and office markets."
"This resilient portfolio checks all the right boxes necessary to generate long-term
stable distributions for our Unitholders with visible organic growth potential through
built-in rental escalations and positive market dynamics, as well as inorganic growth
from the support of our strong Sponsor's established platform whose development
pipeline is approaching A$100 billion," he added

Trading will start tomorrow at 2pm. 

Congrats to those who were successfully allotted. Mr. IPO applied for 50,000 but did not manage to get any!

Happy Lendleasing


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Comments

Anonymous said…
How do you get the 60% informations?
1 October 2019 at 23:56
Mr. IPO said…
It’s in the balloting table. 30:50 chance :)
2 October 2019 at 08:11
Unknown said…
Worth investing in listed market?
2 October 2019 at 23:59
Lyndon said…
Similar to the other investors who have mentioned, personally I didn't get any allocation as well (a slight disappointment)
30 October 2019 at 05:16
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