The Far East Hospitality Trust is the latest IPO to heat up the local IPO scene and the 2nd hospitality trust to be seeking a listing in this year. In fact, Far East Hospitality Trust (FEHT) will be listing almost exactly 1 month after another hospitality trust, Ascendas Hospitality Trust (AHT) got officially welcome to the SGX Mainboard.
I have compiled a table of IPO statistics relating to all Mainboard and Catalist-listed counters for 2012. It can be found in the "IPO SG Statistics" section of this blog for reference. It also details the varying amounts of cash used for balloting and the percentage success rate and expected profits for the initial listing day 'pop'. Do check it out here.
Back to FEHT listing, certainly investors will be wary of the potential 'pop' with this IPO given the lacklustre performance of AHT a month ago. Well, lacklustre seems slightly too unforgiving given ...
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