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Thursday, 29 October 2020

Nanofilm - Balloting Results

Nanofilm announced that its IPO received strong demand. The public offer was 30.6x subscribed and the balloting table is presented below:

 

Investors who applied for 10,000 shares will have a 32% chance of being allotted 2,400 shares.

 Dr Shi Xu (史旭), Executive Chairman of the Company, said, "As the first nanotechnology solutions provider to list in Singapore, this is a strong vote of confidence for our Group and a recognition of our established track record and growth plans. We would like to take this opportunity to thank our investors for their support, as we strive to bring the business to new heights and continue to redraw the boundaries of material science."

The placement tranche was 22.9x subscribed and as mentioned earlier, Temasek participated directly in the IPO tranche, subscribing for around 15m worth of stocks.

 

Good luck to those who participated and manged to be allotted 😊

Happy Nanofilming tomorrow !

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