Shares & Derivatives
Courts Asia Limited Balloting Results
By Mr. IPO  •  October 12, 2012
Courts Asia Limited ("Courts") released its IPO balloting results tonight.

The press release is here and the balloting results is here.

The demand seemed pretty hot with institutional demand more than 3.4x oversubscribed and the retail tranche was 24.4x oversubscribed.  

The Public Tranche Balloting Ratio


Seemed like people who applied for 100 lots have the best chance as 40.9% of the public tranche was allocated to them...sigh... seems like i should have stuck to my conviction and not have cut back my application for each account!  

My Balloting Results


Only one of out two accounts was successful. I also applied 50 lots for the other account.

Good luck to all who is successful. You should be able to stag out if US market cooperate tonight and dua cheong... otherwise just cross your fingers and hope US markets don't create trouble... :)

Happy IPOing.
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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