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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

New proposed IPO allocation rule for retail investors

In case you haven't heard, your chances of getting hot IPO shares will be boosted if the following proposal is adopted by SGX. The article is posted below in case you need it.


"This will not only provide retail investors with more opportunities, but their increased activity in the secondary market will also add to liquidity", SGX said.

Is SGX implying retail investors are "shorter term" in nature and thus the liquidity will increase because they will buy and sell more? :-P Anyway, you can let your views be heard via the email address above. hahaha :)  Please note that the proposal will only apply to Mainboard IPOs and not Catalist listings.

Your views

Do you think 5% is too low? Should the % be higher?  
If institutions' shareholdings are lowered, will it affect the post listing performance? 

Mr. IPO's views

The proposed change is way long overdue! The Stock Exchange of Hong Kong has a practice note 18 in place since 26th June 1998! Is Singapore exchange 14 years behind time? :) In addition, i believe retail investors in Hong Kong get at least 10%!  

One possible reason why retail investors are more 'savy' or active in speculating the stock market in Hong Kong is probably due to the fact that casino gambling is allowed in its backyard in Macau since 1934. In that regard, Singapore was probably 71 years behind when it legalized the casino only in 2005. hahaha. 

This could perhaps explain why HK TVB dramas on the stock markets are always well received. Have you heard of the "丁蟹" effect?


Maybe i can watch the above "stock-related" TV dramas or movies during the IPO famine but with the upcoming pipeline, I should be quite busy this month.  There are a few "interesting" IPOs that are being lodged on MAS OPERA. In addition to Gayling Holdings Limited, the rest are
Happy IPOing soon.

Comments

Michael said…
If you are looking for IPO allocations in North America you can visit http://www.Private2IPO.com. Also business owners who are looking for newly minted multi-millionaire investors who have helped build their company and transition through an IPO will want to visit.
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