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Singapore Institute of Advanced Medicine Holdings Ltd

Singapore Institute of Advanced Medicine Holdings Ltd ("Sam" or the "Company") is offering 114m new shares comprising 4.415m Public Offer Shares and 109.585m Placement Shares at $0.23 each for a listing on Catalist.  The Company aims to raise $26.2m and the majority of the proceeds will be used to repay debt and the balance for working capital. The market cap based on the IPO price is $231.8m and the offer will close on 14 Feb at 12 noon and starts trading on 16 Feb 2024 at 9am.   Principal Business SAM is a healthcare service provider using advanced technology for early and accurate diagnosis to detect and treat cancer, neurodegenerative and cardiovascular diseases.  SAM has strategic collaborations with public and private institutions for research and clinical work.  SAM's goal is to create a comprehensive one-stop ambulatory cancer centre to undertake the challenges to fight cancer and is one of the first to adopt proto beam therapy treatment in Singapore. Fi
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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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