TEE LAND IPO is the latest IPO stock that intends to be listed on SGX. TEE LAND is the real estate unit of Tee International. The property portfolio of TEE LAND IPO comprises 24 projects worth $394.6 million as at Nov 2012. TEE LAND IPO stock may be priced at $0.50. If we read the newspapers, it seems that TEE LAND IPO stock is now open for subscription but if you are to look at the SGX website, you will not find TEE LAND IPO prospectus there. Why? Well TEE LAND has only TEE Land lodged its preliminary IPO prospectus with the Monetary Authority of Singapore, but TEE Land still needs to meet several conditions to complete its listing. This includes having to raise at least $20m from its IPO at an issue price of $0.50 or more per share, and having a market cap of $150m ......
