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IPO Chilli Ratings

IPO Chilli Ratings
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Happy 14th Anniversary + A Free Apple Share for Mr. IPO's fans

Time flies, today is 14 years after I started the Singapore IPO blog on 07.07.07 and it feels like yesterday. I am grateful for the journey we have walked together, especially for many of you who later became my Facebook Fans. I realised that I didn't blog about the anniversary last year, and probably it is due to Covid stress! I know I should be spending more time with you but alas, too much work 😫 (when can I retire ...) Since today is a special day, I have prepared a gift 🍎  for you worth $2,000 ! 😍 If you sign up for MooMoo using my link , or click on the Claim Now below, you will be able to claim this gift (which i am sure you saw it on some other websites too 😂) To receive the 1 Apple share (which was worth US$142 last night), you need to open a Futu SG securities account from now till 2 Aug 2021 and deposit SGD 2,700 (or USD 2,000 or HKD 16,000).  My son opened the account (using other people's link 😡)and has already received Apple Share and is now trying to clear t

OTS Holdings Balloting Results

OTS holdings Limited ("OTS") announced that its public offering was 233.6x subscribed. This is not surprising considering that the public offer has only 1m shares. 
Managing Director of OTS Holdings, Mr. Ong Bee Chip said: "We are pleased with and thankful for the strong confidence that investors have in OTS Holdings' brand portfolio and growth plans for Asia's consumer markets. With our IPO, we intend to accelerate our expansion plans in regional markets, particularly in Malaysia and the Philippines. In addition, leveraging on our R&D capabilities, we will be looking to introduce our shelf-stable plant-based food products by early 2022." 

The placement and balloting table is presented below. 
Given the small float and strong demand, the chances of being allocated some shares are pretty low. You can see that investors who applied for 10,000 to 49,000 shares received the bulk of the allocation (39%) but they only have a 11% chance of getting 2,000 shares each. Investors who applied for 1m shares or more have a even lower probability of being allotted 10,000 shares. 

Looking at the list of substantial applicants, you can see some familiar names in the IPO scene such as Alan Wang from Asdew Acquisitions  as well as Ong Pang Aik (Lian Beng). The presence of these "smart" individuals could provide some "comfort" to investors on the sideline as they are known hold for a longer period (i.e. not sell out on the first day).  

Happy Golden Bridging ... and good luck to those who received some shares!