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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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Shopper360 - Placement Results

Shopper360 Limited ("Shopper360" or the "Company") announced that is IPO attracted strong interest from institutional investors. There is no public offering (which is why it can't get the highest rating from me).

Ms Chew elaborated, "As a listed company, we are now in a better position to fortify our market position and stay ahead of the competition. The increasing importance for shopper engagement and experience, bolstered by a proliferation of brick-and-mortar retail stores, bode well for us, as the synergistic nature of our business segments enables us to provide integrated solutions to our customers at every touch point – from pre-store, in-store to post-store. We also have a strong pipeline to introduce new innovative mediums to our existing suite of services, and are well-placed to capture opportunities in the digital economy."

The shares were placed out to an interesting list of investors, including Asdew (Alan Wang), Island Asset Management and BTS Group. Interesting to see a Thai public listed company venturing into this space, hopefully it is for strategic reasons lol. I am sure many of you have taken BTS before while in Bangkok.

 

Good luck to those who managed to get some placement shares.

Happy shopping.
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