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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...

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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