OUE Hospitality Trust ("OUE HT") announced that its public offering was 19.1x subscribed. This is pretty strong set of subscription numbers, thereby endorsing its "decision" to do this IPO one day after SPH REIT. Trading will start tomorrow at 2pm. The announcement is here and the press release is here.
The balloting table for the public offering is as follows:
You can see that investors who applied for less than 50 lots receive 61.7% of the public offer and have a higher balloting ratio as well. ^_^
Mr IPO's result
Only used one account to apply this time and it is salted vegetable life this week despite the good probability. :(
Congratulations to those who got the shares. Don't ask me what to do with your money. I have given you what i think will be the fair value range.
