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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

Gaylin Holdings Limited - Balloting Results

Gaylin Holdings Limited announced its balloting results. The press release is here, the balloting announcement is here and my IPO write up on Gaylin is here.

The public tranche is more than 100x oversubscribed. As such it is very difficult to be allocated shares.


You can see that majority of the shares were allocated to investors who applied between 10 to 100 lots. Investors who applied for 100 lots will have a 26% chance of getting the shares of 5 lots.

The "over-allotment" of 22m shares were exercised. In this regard, CIMB will help to stabilize the market should the price falls below the IPO price. 


No "anchor" placement investors were announced (how come they never announce my name? :P), thus will be interesting to see if the shares are well supported tomorrow.  I am one of the 173 after they cut back my application quite significantly. Let's see if can make any money tomorrow... just hope that uncle Sam cooperate tonight...

Happy IPOing. 

Comments

Lowzeewee said…
allocated 2 lots.

meanwhile, Dynasty REIT IPO has been suspended.
Mr. IPO said…
Good luck... :)
Anonymous said…
100x oversubscribed but opening px is low... Lol
Anonymous said…
So, Mr IPO, you didn't make a killing for this one? :))
Mr. IPO said…
Haha. Yeah. Lousy IPO. :)
Anonymous said…
blah. i bid in the 10-499 range and didn't even get one lot.
100x oversubscribed, wow.
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