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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
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Will Mr. IPO be subscribing to Nanofilm ?

Thank you for participating in the survey (which is still running).

The interim results showed that 49% will be subscribing. I also received a few messages asking if I will be subscribing. I decided to share this post so that you can go through my thought process.

I was ready to try my luck on Sunday when I was writing my post, but not so sure anymore as sentiments has turned.

I have written previously (some many years ago) that for IPO pop to happen, the most important is the timing.

For IPO to "pop" on day 1, factors include right investors sentiments, right valuation and right market.

I mentioned in my Sunday post that I was struggling to give a 3 chilli ratings given the rich valuation but it is the blockbuster IPO on SGX for 2020.

Now that we are one day away from the closing, I don't think the sentiments is conducive as investors are currently in a "risk-off" mode, ie people are taking money off the table due in part to uncertainties over US election, rising Covid cases again and most stock markets are in a correction mode.

Given the above factors, I think it will be more challenging for Nanofilm to pop despite the stellar institutional investors base.

As such do proceed with caution if you are intending to flip.

As for myself, I will give it a pass for now given the approval process I need to go through and consider it for longer term investment next time.

Happy nanoing !
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