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Foundation Healthcare Holdings IPO: The Biggest SGX Healthcare Listing Since IHH — Worth Chasing?

Special Edition: Foundation Healthcare IPO Singapore hasn't seen a healthcare IPO of this size in over a decade. Foundation Healthcare Holdings (" FHH ") is looking to raise up to S$242 million at an offering price of S$0.76 per share , implying a market capitalisation of roughly S$1.0 billion — reportedly the largest healthcare listing on SGX since IHH Healthcare's dual-listing back in 2012. Public offer closes 6 July, 12pm , with trading expected to start on 8 July 2026 . Let's dig into what FHH actually does, why parts of the story are genuinely attractive, where I'd want to be careful, and whether the pricing leaves anything on the table for IPO subscribers. The Business: A Doctor Roll-Up With a Tech Layer FHH is a multi-specialty private healthcare platform built on three verticals: Specialists — 108 full-time medical specialists across 16 specialties and 74 specialist clinics as at 31 March 2026, making...
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NoonTalk Media Limited

For Information Only


Sorry I missed this write up as I was traveling, hence this post is pure for records purpose. 

Even if I am around, I am unlikely to give it a good rating given just how poor market sentiments had been.

NoonTalk Media Limited ("NoonTalk" or the "Company") is a Singapore-based media entertainment company that specialises in artiste and talent management, multimedia production and event conceptualisation.

The Company is offering 22m shares at Singapore 22 cents each, of which 4.5m is via public offer and 17.5m via placement. Based on the IPO price, the market cap is S$43.6m

The IPO opened on 14 Nov and closed on 17 Nov 12 Noon. 

 I have never seen such a "short" IPO window. I am sure they met the legal requirement for the minimum IPO roadshow period but to have it for 2.5 days, it means that they have already placed out the hands to friends and family before launching the IPO. 

The books were covered by Lim Hock Leng (MD of Sheng Siong Group) who took 4.4m shares, Union Energy (2m shares) and Qilin Wealth Fund - Family Office (1.35m).

Dasmond Koh, the founder and CEO owns about 62.55% of the Company post IPO and two other popular artists who worked for him are Xu Bin and Kimberly Chia.

I don't really know how to value this Company as it is project driven and it is also tough to account for the "extra income" received by their artistes. For example, the red packets received by these artistes, do they go to the Company or to their pockets directly? lol. 

Thankfully I don't have to give them any chilli ratings! I just cut and paste the pictures below from the IPO prospectus for reference.

Company Prospects

Core Business Segments


Competitive Strengths



Profit and Loss

As you can tell from the profit and loss statement, the Company is making barely any profits over the last 3 years





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