Ballot Results of the Croesus Retail Trust IPO are out as of 9 May 2013 and can summarised as follow
- 229 million shares for placement and public tranche
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- 207.6 million shares for placement tranche
- 21.5 million shares for public tranche
- 22.4x oversubcribed in total
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- 48.8x subscribed for placement tranche shares
- 19.7x over subscribed for the public tranche shares
- Shares at S$0.93 each
- Expect 8% yield for the first year; Expect 8.1% yield for the next.
Shares will commence trading on a "ready" basis at 2pm on Friday, 10 May 2013!
The big question is how will it fair on debut and thereafter?
My Commentary on Croesus Retail Trust IPO dated 5 May 2013
Blog post here - Wrong Gears for the Wrong Crowd? - Croesus Retail Trust
Current IPO market conditions
Here's a quick ...
