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
Comments
i believe i got 3 lots as well, i applied for 11 and based on the money they refunded into my bank, it should have been a successful application.
however, how do i check and confirm this status?
since i'm here, i'd just say that you have a very interesting blog. keep updating!
With regards to the statement below:
"Over-allotment of 65.9m shares were exercised, which means the stabilizing manager will step in should share price falls below 93c."
Just wondering what does this mean? Is there a duration for this stabilizing action if the price drop below 93c?