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The Assembly Place - Balloting Results

This is probably one of the most usual press releases that went alongside the SGX announcement of the balloting results. The Company released a full presentation deck , which is actually quite informative, with information of upcoming pipeline etc (probably the Company felt that it is safer to release this after the IPO closes and not before). The balloting table is as follows: The IPO has drawn strong interest from prominent institutional funds such as Avanda Investment Management (as investment manager for and on behalf of its fund(s)) and Lion Global Investors Limited (as investment manager for and on behalf of its clients), along with prominent investors, including Mr Han Seng Juan, Mr Rudolf Jurgen August Rolles and Mr Chong Soon Kong @ Chi Suim2 , underscoring strong confidence in TAP's investment proposition. Separate from the Invitation, cornerstone investors, namely Apricot Capital Pte. Ltd., Asdew Acquisitions Pte. Ltd., Cache Capital Pte. Ltd., ICH Synergrowth Fun...

Niks Professional Ltd - Balloting Results

Niks Professional announced that its public offer of 1m shares was 5.9x subscribed. Investors who applied will for 100,000 shares will have a 66:99 chance of being allotted 25,000 shares.


Substantial investors include Medinex Limited, Jessie Low (CEO of Medinex) and Tan Lee Meng (Non-executive chairman of Medinex). Medinex Limited is listed on Catalist, with a market cap of $26.4m. Qilin Wealth is related to the Soilbuild Group.  


"The strong anchor commitments from various investors further underscore Niks Professional's growth potential within the family-practice dermatology, aesthetic medical services and medical skincare space, and affirm its vision of becoming an integrated medical skincare platform in Singapore and China."

Let's see if the anchor investors are able to pull Niks out of the IPO doldrums with a good showing 🍍🍍🍍

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