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IPO Chilli Ratings

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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

Secura Group Limited - Balloting Results

Secura announced that its entire IPO was 2.2x subscribed but the Company decided to allocate shares to all its public IPO applicants. Investors who applied for 50,000 shares will get 3,000 shares and 6,000 warrants. They definitely make it difficult for these shareholders to sell as such numbers is "neither here nor there".


Anyway good luck to those who applied. ^_^ 

Comments

Anonymous said…
I was sceptical about this counter too..Thank god I read your posting and decided to pass.Don't think it will be a good bet given the poor listing timing and the placement price offered to the rest..Anyway,good luck to all who has been allocated...
Mr. IPO said…
Well... We will know later. It may jolly well be a wrong call by me...
alvin said…
Quite strange, those people applying for 1 lot. How do these people expect to make money after fees?
Anonymous said…
Thank you Mr IPO. I almost convinced by those corner stone investors because I never read so deep like you for all the concerns.
I decided to avoid this IPO and I think the market already telling us we are right!
Mr. IPO said…
Probably they are asked to make up the shareholders numbers....