Introduction
Covered by the Hype and massive public advertisement/awareness over IHH IPO, there is another local firm which is also launching its IPO, starting trading even before IHH.
The local catering company is Neo Group Limited and it has launched an initial public offering (IPO) of 1m shares for public and 21m shares via placement at 30 cents each for a Catalist listing on Singapore Exchange.
The IPO closes on 9 July (Monday!) at 12pm and starts trading on 11 July at 9am. Check out Neo group prospectus here!
The invitation shares on its platter - which constitute 15.3 per cent of the group's enlarged share capital of 144 million shares - comprise one million public-offer shares and 21 million placement shares.
The placement shares "have already been oversubscribed", according to Neo Group's executive director Elvis Lee. He also said there were no cornerstone subscribers as the company ......
