Shares & Derivatives
Soilbuild Construction – Balloting Results
By Mr. IPO  •  May 24, 2013
Soilbuild announced that its IPO was 7.5x subscribed.
The balloting results as follows:
As you can see, it is quite difficult to get a meaningful allocation unless you apply 500 lots (outlay of $125k) of which you then receive 5 lots. Anything less than 500 lots, you get only 1 or 2 lots and the chance of getting it is quite low anyway and can't possibly cover the brokerage unless the IPO opens strongly ...
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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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