Before you read further, please note that Mr. IPO is vested in this company from the placement tranche. Do not continue unless you are perfectly happy to have a biased view.
Pacific Radiance Ltd ("Pacific Radiance" or the "Company") is offering 171.875m new shares at $0.90 each, of which only 5m shares are for the Public and the rest is via placement. The IPO will end on 11 Nov 2013 at 12pm and list on 13 Nov 2013 at 9am. The market cap will be S$653.2 million. The link to prospectus is here.
Principal Business
The Company is a young offshore service support provider and owns and operate a diverse fleet of offshore vessels that support oil and gas projects.
The Company operates on the principal of 3Rs. Relevant, Reliable and Responsive. Hope the 3R can also mean Right Management, Right Business and Right Valuation?
There ...
