Anyway, the indicative issue statistics as follows:
Existing no. of shares = 300m.
New shares to be issued pursuant to the IPO = 110m
No vendor share sale
IPO price = S$0.35 - S$0.37
Total IPO raising = S$38.5m - S$40.7m
Market cap @IPO = S$143m - S$151m
Target IPO launch date is mid Oct.
My "gut" feeling of the IPO as follows:
- Current market sentiment is positive and that should spill over to the IPO.
- Company is in the Oil and Gas sector which ...