Balloting Results of the Gaylin Holdings IPO is out as of 24 Oct 2012 and are summarised as follows
- 110,000,000 shares for public and placement tranche
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- 5,000,000 for public tranche
- 5.5x oversubcribed overall (reflected in official balloting results statement)
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- 0.997x subscribed for placement tranche shares
- 100x (because of small public offer amount) over subscribed for the public tranche shares
- Shares at S$0.35 each
Shares have commenced trading on a "ready" basis at 9am on Thursday, 25 Oct 2012 and have closed at $0.365.--> -->
Official announcement document of the Gaylin Holdings IPO is available on the company website here.
On a side note, Dynasty REIT has unexpectedly pulled out of their announced listing citing unfavorable market conditions that are developing. For those of you still in the IPO gunning mode in anticipation for future listings (which I believe is highly likely given the high liquidity phase ......
