IPO News @SGX
Kimly Limited - Balloting Results Discovered on 17 Mar 2017 at 10:42 am
Kimly Limited Discovered on 9 Mar 2017 at 9:34 am
Kimly announced that its IPO of 173.8m shares were collectively 8.3x subscribed on an overall basis. My back of envelope computation showed that the public tranche was 336x subscribed.For investors who applied for the public tranche, the balloting table is presented below:
Investors who applied for 100k shares will have a 2:25 chance of getting 6,000 shares.The insiders, including the relatives of the founders and Heliconia (via Vanda 1 Pte Ltd) supported the IPO strongly with Vanda 1 subscrib...
Dasin Retail Trust Discovered on 14 Jan 2017 at 2:22 am
Kimly Limited ("Kimly" or the "Company") is offering 173.8m shares at $0.25 each for which 170m shares is via placement and 3.8m shares via a public offering for a listing on Catalist. The offer will close on 16 March 2017 at 12pm and trading will start on 20 March 2017. The market cap based on the IPO price is S$288.7m.Principal Activities
Kimly is the largest traditional coffee shop operator in Singapore. It operates and manages coffee shops under the "Kimly" brand and food courts under the ...
Samurai 2K Aerosol Limited Discovered on 13 Jan 2017 at 10:49 pm
Dasin Retail Trust ("DRT" or the "Trust") is offering 151,768,900 units at $0.80 per unit of which only 2m units will be available for the public tranche. There is an over-allotment option of 9,343,300 units in the event the IPO is oversubscribed. A separate cornerstone tranche of $25m of units have been offered to China Orient Asset Management and Haitong International Fund SPC.Its principal investment mandate is to invest, develop income producing real estate in Greater China with initial f...
For information only. Not spending too much time as the placement is already closed with no public tranche.
Singapore IPOs Tikams for 2016 Discovered on 26 Dec 2016 at 1:51 am
Samurai 2K Aerosol Limited ("Samurai 2K" or the "Company") is placing out 20m shares at $0.20 each for a listing on Catalist. There is no public tranche and trading will commence on 16 Jan 2017 at 9 am with a market cap of $20m. The link to the prospectus is here.Principal Activities
The Company is headquartered in Malaysia and is a high performance aerosol coating specialist for automoti...
Some of you may be wondering why i have been missing for so long, well i do sincerely apologize as i have travelling quite a bit. The only thing that reached a record high this year is probably the amount of time i spent in the air . . . I can probably compile an album of all the "airplane food" I had in 2016 but let me do that in another post ^_^Recap of 2016Similar to last year, 2016 is probably another year to be forgotten (only 5 days left). There are 16 IPOs and not many of them have pub...
HC Surgical Specialists Limited Discovered on 30 Oct 2016 at 5:23 am
AGV Group Limited Discovered on 21 Aug 2016 at 10:40 am
HC Surgical Specialists Limited ("HC Surgical" or "the Company") is offering 30m placement shares at $0.27 each for a listing on Catalist and there is no public tranche. The offer will close on 1 Nov 2016 at 12pm and commence trading on 3 Nov 2016 at 9am. The market cap is S$39.5m based on the IPO price.The Company is a medical services group primarily engaged in the provision of endoscopic procedures, including gastroscopies, colonscopies and colorectal procedures in Singapore. Actually you ...
China Jinjiang Environment - Balloting Results Discovered on 2 Aug 2016 at 9:59 pm
AGV Group Limited ("AGV Group" or the "Company") is offering 26.92m shares via placement at $0.22 each, comprising 21.82m new shares and 5.1m vendor shares for a listing on Catalist. The offer will close on 24 August 2016 at 12pm. The market cap based on the IPO price is S$27.7m.I don't intend to spend too much time on this IPO as all the shares are placed via placement.
The Company is one of the leading providers of hot dip galvanizing services in Singapore to steel and iron fabrication indus...
China Jinjiang Environment Holding Company Limited Discovered on 30 Jul 2016 at 12:45 pm
The balloting results is out for China Jinjiang but CICC is probably not so "experienced" with our local regulations and the launch is delayed till 2pm. There were any announcements and the following were sourced from the Straits Times.
Everyone who subscribed for the public tranche will be allotted some shares. The bulk goes to investors who subscribed for 50,000 shares and they will be allotted 38,000 shares.
The substantial placement holders are listed above. You decide for yourself if the...
Wong Fong Industries Limited Discovered on 24 Jul 2016 at 5:11 am
China Jinjiang Environement Holding Company Limited ("China Jinjiang") or ("the Company") is offering 92,419,300 shares at $0.90 each for a listing on SGX where 87,798,300 shares will be via placement and 4,621,000 shares via public offering. The IPO will close on 1 August at 12pm. Assuming over-allotment is not exercised, the market cap will be $1.08 billion. Principal Activities
The Company is the first private Waste-To-Energy ("WTE") operator in the PRC and is the leading WTE operator with ...
EC World REIT Discovered on 23 Jul 2016 at 11:55 am
Wong Fong Industries Limited ("Wong Fong" or the "Company") is placing out 43m shares at $0.23 each for a listing on Catalist. There is no public offering and the offer will close on 26 July at 12pm. The market cap at IPO will be $54.1mThe Company is a provider of land transport engineering solutions and systems for various industries with a presence in Singapore, Malaysia and the PRC. The core businesses are:sale and installation of equipmentdesign, customisation, engineering and integration...
Afterthoughts on Procurri ratings Discovered on 21 Jul 2016 at 10:51 am
EC World REIT is offering 188,125,600 Units at S$0.81 per Unit where 7.5m units will be made available to the Public while the rest are placed out. In addition to the offering, EC World raised another S$194m through the issuance of Cornerstone Units to Bank of Communications, Fosun International and China Cinda Asset Management.EC World can also over-allot another 31.1m of Units for this offering in the event of high demand. The Sponsor is Forchn Holdings Group Co., Ltd and the IPO will close...
Readers of my blog know that i hesitated quite a bit when I gave my ratings on Procurri over the weekend. In fact, i was quite hesitant to give it a 2 chilli rating but what eventually made me do it was the positive sentiments and demand from so-called "branded institutions" and you saw 4 of them in my update on balloting results.Well, the beliefs that DBS was a "picky" manager and the presence of long only institutions is good for the IPO are probably "unfounded". The IPO didn't open as i ex...
Procurri Corporation Limited - Balloting Results Discovered on 19 Jul 2016 at 8:19 am
Katrina Group Ltd Discovered on 17 Jul 2016 at 12:04 pm
Procurri Corporation Limited Discovered on 16 Jul 2016 at 11:40 am
Procurri Corporation Limited ("Procurri") announced that its IPO was 1.9x subscribed where the public tranche of 6.88m shares were oversubscribed by 10x.Commenting on the strong response from investors, Mr. Sean Murphy, Procurri's Global Chief Executive Officer, said, "We are elated with the broad-based support from both institutional and retail investors. The results reflect investors' appreciation for Procurri's investment story and a mark of confidence in our management's capabilities. Bui...
Advancer Global Limited - Balloting Results Discovered on 8 Jul 2016 at 10:28 am
Procurri Corporation Limited ("Procurri" or the "Company") is offering 68.88m new shares comprising 62m placement shares and 6.88m Public shares at $0.56 each. It has been a long while since we see a non-REIT listing on the main board.The IPO will close on 18 July 2016 at 12pm and start trading on 20 July. The market cap of Procurri based on the IPO price is around $156.8 million.The Company is a leading global independent provider of Data Centre Equipment and Lifecycle Services and aims to b...
Happy 9th Anniversary ! Discovered on 7 Jul 2016 at 10:55 am
Advancer Global announced that its shares have been 5.5x over-subscribed. The public tranche of 2m shares were about 98x subscribed! It is interesting to note the intent of the management in the press release which is reflected in the balloting ratio."We are heartened by the strong vote of confidence from both the retail and institutional investors. The balloting ratio reflects the management's intent to distribute to a wider and diversified group of investors to participate in the future ...
United Global Limited - Balloting Results Discovered on 5 Jul 2016 at 10:53 pm
Advancer Global Limited Discovered on 2 Jul 2016 at 11:27 am
Singapore IPOs turned 9 years old today! It has been a amazing journey that started 9 years ago on 07.07.07. Here is a quick recap on the various "milestones". July 2007 - the Singapore market was on a bull run and S chip was raging hot. Yours truly decided to start a blog to write on companies going for IPO so that I can decide whether to apply for those shares. In 2007, I wrote a few articles back then that may still be applicable today. For the benefit of new readers, they are:1. How to i...
United Global Limited Discovered on 1 Jul 2016 at 12:29 pm
Advancer Global Limited ("AGL" or the "Company") is offering 43m new shares at $0.22 each for a listing on Catalist. The offering comprise 2m shares for the public and 41m shares via placement. The offer will close at 12pm on 7 July 2016 and starts trading on 11 July 2016 at 9am. The market cap based on the IPO price is $38.1m,AGL is an established and diverse integrated services provider offering the following business services:Employment services - one stop shop for sourcing, employment and...
Singapore's bid for Baltic Exchange underlines diversity concerns - Financial Times Discovered on 29 Jun 2016 at 8:02 pm
United Global Limited ("UGL" or the "Company") is placing out 42.8m shares at $0.25 each via placement. The IPO will close on 5 July 2016 at 12pm and be listed on 8 July at 9am. There is no public tranche. Based on the IPO price, the market cap is around S$70.7 million.The Company is an established independent lubricant manufacturer and trader in lubricants and fluids. UGL operates a manufacturing facility in Singapore and supply products globally to customers in over 30 countries. It starte...
United Global to launch $9.2m Catalist IPO - Singapore Business Review Discovered on 29 Jun 2016 at 12:11 am
Financial TimesSingapore's bid for Baltic Exchange underlines diversity concernsFinancial Times
SGX's year in the doldrums was a stark contrast with 2012, when Formula One was poised to list on the city-state's exchange, though the IPO
never happened. There were 22 equity listings in Singapore
that year, raising S$4.5bn. The differing fortunes of ...and more »
Singapore:TMG launches IPO on Nasdaq First North - DEALSTREETASIA Discovered on 24 Jun 2016 at 2:21 am
DEALSTREETASIAUnited Global to launch $9.2m Catalist IPOSingapore Business ReviewSingapore
based lubricant manufacturer and trader United Global will launch an initial public offering of 42.8 million new shares (“New priced at S0.25 per share, in conjunction with its listing on the Catalist. The IPO
is via placement only, and will ...Singapore
: United Global to raise S$10.7m from Catalist IPO
DEALSTREETASIAall 2 news articles »
Frasers Logistics rises in Singapore trading debut - Channel News Asia Discovered on 21 Jun 2016 at 7:26 am
DEALSTREETASIASingapore:TMG launches IPO on Nasdaq First NorthDEALSTREETASIA
On June 9th, 2016, The Marketing Group (TMG), a consumer services-oriented holding firm that consists of mostly Singapore
-founded digital businesses – Black Marketing, Creative Insurgence & One9Ninety – (and one UK-based company Nice&Polite) listed ...
Frasers Logistics & Industrial Trust - Balloting Results Discovered on 17 Jun 2016 at 12:03 pm
Channel News AsiaFrasers Logistics rises in Singapore trading debutChannel News Asia
The debut follows an initial public offering (IPO
) which raised about S$903 million, the largest listing in Singapore
since 2013 when Asian Pay Television Trust raised about S$1.9 billion. A combination of favourable fundamentals and an ebbing of fears ...Perpetual named trustee in Singapore
Money ManagementEC World REIT to market Singapore IPO
worth up to $335 millionReutersSGX recovers from IPO
Frasers Logistics & Industrial Trust ("FLT") Discovered on 15 Jun 2016 at 1:16 pm
Frasers Logistics and Industrial Trust ("FLT") announced a strong set of subscription results where the offering was 6x subscribed. It is the largest IPO to-date with S$903m raised.15 cornerstone investors took up ~48.6% of the units on offer and trading will start on 21 June 2016 at 9am."FLT's future growth is driven by a unique multi-pronged growth strategy, both organically through earnings upside from two pre-committed development properties and built-in annual rental increments; as well...
Pardon the late and brief analysis as currently tied up with a live deal
Frasers Logistics & Industrial Trust's $683.7m IPO on SGX secures 15 cornerstone investors - DEALSTREETASIA Discovered on 12 Jun 2016 at 4:14 pm
Frasers launched its logistics and industrial trust with a public offering of 80m units at $0.89 per unit. It is a pure play Australian industrial REIT with an initial portfolio of 51 Australian industrial assets and a market cap of approximately S$1.268b. The IPO will close on 16 June 2016 at 12pm and starts trading on 21 June 2016 and 9am.According to this report, its placement tranche was about 6x subscribed and has be...
Frasers Logistics prices Singapore IPO at top end of range, to raise S$903m - Channel News Asia Discovered on 10 Jun 2016 at 8:44 am
DEALSTREETASIAFrasers Logistics & Industrial Trust's $683.7m IPO on SGX secures 15 cornerstone investorsDEALSTREETASIA
Pure-play Australian industrial REIT Frasers Logistics & Industrial Trust (FLT) has launched a S$930 million ($683.7 million) initial public offering (IPO
) on the Main Board of Singapore
Exchange, drawing 15 cornerstone investors. The REIT manager ...and more »
Frasers Logistics And Industrial Trust's IPO: What Investors Should Know - The Motley Fool Singapore Discovered on 5 Jun 2016 at 10:29 pm
Channel News AsiaFrasers Logistics prices Singapore IPO at top end of range, to raise S$903mChannel News AsiaSINGAPORE
: Frasers Logistics and Industrial Trust is set to raise about S$903 million ($666 million) after pricing its Singapore
initial public offering at the top of its indicative range in the country's biggest new listing in three years. The real ...
Frasers Logistics prices Singapore IPO
at top end of range, to raise $666 millionReutersIndustrial trust eyes $903m in largest IPO
Frasers Logistics And Industrial Trust's IPO: What Investors Should KnowThe Motley Fool SingaporeSingapore's
FCL's Australia industrial REIT seeks $900m in IPO - Singapore Business Review Discovered on 3 Jun 2016 at 2:39 am
stock market is home to many real estate investment trusts and business trusts. It appears that a new REIT – Frasers Logistics and Industrial Trust – will be joining the ranks soon. The REIT's sponsor and manager is Frasers Centrepoint Ltd ...
Frasers covers S$900m Singapore
Reit on day oneGlobalCapitalall 3 news articles »
Frasers Logistics & Industrial said to seek $900m in Singapore IPO - The Straits Times Discovered on 2 Jun 2016 at 11:48 pm
Singapore Business ReviewFCL's Australia industrial REIT seeks $900m in IPOSingapore Business Review
Frasers Logistics & Industrial Trust is seeking as much as about S$900 million ($654 million) for its Singapore
initial public offering, according to people with knowledge of the matter, which would make it the biggest such share sale in the city state ...
Golden Glory Plans Singapore IPO for Myanmar Property Push - Bloomberg Discovered on 31 May 2016 at 6:30 pm
Bangkok PostFrasers Logistics & Industrial said to seek $900m in Singapore IPOThe Straits Times
The share sales this year could give a boost to the Singapore
bourse, which saw listings fall to US$366 million in 2015, a fraction of the US$2.6 billion priced the year before, according to Bloomberg-compiled data. At about S$900 million, the Frasers ...
Charoen-linked firm plans huge Singapore IPO
Bangkok PostThai Billionaire Seeks Singapore
Listing of Australian AssetsWall Street JournalFrasers pro...
Hyflux 6% p.a. Perpetual Capital Securities - Balloting Results Discovered on 26 May 2016 at 9:39 am
BloombergGolden Glory Plans Singapore IPO for Myanmar Property PushBloomberg
-based company is targeting an $80 million-to-$100 million initial share sale, raising capital to help fund land bank acquisitions in Myanmar, Chief Executive Officer Christopher Wu said in an interview in Yangon. Myanmar's economic ...
Golden Glory plans IPO
to fund Myanmar projectsThe Straits Timesall 8 news articles »
Hyflux announced that its public offering of Perps were oversubscribed by around 3x and as a result, the overall offering was upsized the tranche to $500m. All investors who applied will receive something. The Perps will start trading on 30 May 2016 at 9am.Ms Olivia Lum (林爱莲), Executive Chairman and Group CEO of Hyflux, said, "We would like to thank investors for the enthusiastic subscription for the Offer, and thereby believing and participating in our growth as we continue to execute our ...
Hyflux Ltd - 6% Perpetual Securities Discovered on 20 May 2016 at 10:30 pm
Manulife REIT - Balloting Results Discovered on 19 May 2016 at 10:57 am
Hyflux is offering up to S$300m perpetual securities at 6% per annum with an option to up-size to S$500m ("Perps") and a majority of the Perps are made available to retail investors. The offer will end on 25 May at 12pm.The key terms are as follows:
**NEW ISSUE: HYFLUX LTD SGD SUBORDINATED PERP NC4 AT 6.00% (SUBJECT TO RESET/STEP-UP FROM AND INCLUDING 27 MAY 2020 AND EACH SUCCESSIVE DATE FALLING EVERY 4 YEARS THEREAFTER) **ISSUER: Hyflux Ltd ("Issuer")STATUS: Dir...
Harita plans IPO of nickel mining unit in Singapore Discovered on 5 Jan 2012 at 10:00 pm
Razer gets US$50m boost from Beijing-based VC fund Discovered on 21 Dec 2011 at 10:00 pm
Keong Hong's IPO of 27m new shares fully subscribed Discovered on 14 Dec 2011 at 12:47 am
Keong Hong offers 27m shares in IPO Discovered on 8 Dec 2011 at 10:00 pm
Keong Hong eyes Catalist listing Discovered on 23 Nov 2011 at 10:00 pm
Manulife announced that its public offering was 1.6x subscribed. Given that this is a big size offering, it was not difficult to get some via the public tranche. The balloting ratio are as follows:
Investors who applied for 50,000 shares will get a 38:50 chance and will be alloted in full.
The list of placement shareholders have some interesting names like Dymon Asoa and SeaTown. Let's see if it has any impact on share price performance tomorrow. Best wishes to those who got some shares. ^_^