The IPO stocks market in Singapore is set abuzz once again with the IPOs of a slew of new stocks like SoilBuild Construction, Asia Pay TV Trust and more. I have quite a number of colleagues who subscribe to each of these IPO offerings with the aim to achieve some “coffee money” profits from selling these stocks on the 1st day of listing provided that these stocks debut with a profit. I know from my experience that it is not always that the IPO stocks will debut with a northwards direction, though the probability of these stocks debuting higher than their IPO prices is really higher. For example, SoilBuild IPO opened today at 38 cents, 13 cents or almost 50% higher than its IPO price. I believe the most rationale thing for those who are successfully allotted IPO shares is to quickly sell these shares to lock in a profit ......
