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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

APAC Realty Limited - Balloting Results



I rarely see such balloting announcement results where there was no accompanying 📢press release and APAC Realty Limited announced its placement and public tranche subscription rates separately🤔:
  • Placement tranche of 44,503,200 shares was 13.4x subscribed
  • Public Offering of 4,411,000 shares was 29x subscribed
In connection with the offering, DBS, the stabilization manager was also over-alloted 9.75m shares and will step in to stabilize the market if necessary

The placement tranche was placed out in the following manner:

and the public tranche balloting results is below. 

It is also interesting to note that investors who applied for any number of shares has an equal 42% chance of getting the shares! ðŸ˜Ž The Issuer didn't favor the big applicants or the small ones. 


Strong group of Institutional Investors

I am actually surprised that the issuance received quite a bit of interest from both hedge fund managers and traditional fund managers. The list is of managers awarded the shares are below and it doesn't include the cornerstone investors:


How did Mr. IPO fare in the balloting?

It is also quite rare whereby my broker said that i can still apply at the ATM even though i was given 2,000 placement shares. 

Here is my application results - 

Overall, i think APAC managed to attract strong interest in its placement tranche where it eventually priced at the high end of the 60-66 cents range. Good luck to those who managed to get some shares!

Happy APACing

Comments

Anonymous said…
Hi Mr Ipo, any forecast in opening price?

U keeping for long? Tks
Mr. IPO said…
Hahaha don't know leh. See how the opening goes.... I have some internal regulations to abide by with regards to how long I need to hold the stock... I will be happy if it opens above 72c.
Anonymous said…
Hi Mr IPO, good day.side track a bit. Could you comment if "mappletree logistics trust new unit and excess new unit" worth subscribe ?

Thank you in advance.
Fs
Mr. IPO said…
Hahaha I don't follow MLT.. can't give you advise but i will usually take up excess rights if the company is worth investing 😊