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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...

Oiltek International Limited - Balloting Results



Oiltek International Limited announced that it has received strong demand for its IPO where the public tranche was 112.9x subscribed. On an overall basis, the IPO was 4.3x subscribed.

Mr. Henry Yong Khai Weng (杨淳麟), Executive Director and CEO of Oiltek, said, "The
positive demand from both retail and institutional investors indicates a clear signal of
investors' confidence in Oiltek's business model and growth potential. This is the
beginning of our new corporate journey. With an acceleration of global trends shifting
towards sustainability, we are incredibly excited about the opportunity to create value for
all stakeholders by capitalising on the rising growth of the renewable energy sector.

For investors who apply for 100,000 shares, you will have a 25% chance of success and be allotted 4,000 shares.



Substantial applicants are also presented below.



The IPO will start trading tomorrow at 9am. Good luck to those who were allotted. 

Happy Oilteking




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