SMJ International Holdings IPO will be the next IPO for Singapore Stocks Markets. SMJ IPO is expected to list on 30 Jun 2014, on the Singapore’s Catalist board. SMJ IPO indicative price is $0.28 per share and there will be an issuance of 20.24 million placement shares and the expected closing date of the placement is 25 Jun 2014. It is reported the SMJ is targeting to pay 30% of its its earnings as dividends to shareholders for financial year 2014 and 2015. So what is SMJ? When I first learnt of the news of SMJ’s IPO, my first thought was what “SMJ” stand for? To me, S may stand for “Singapore” and “MJ” seems to me the abbreviations of a pop star. But as I went to do more research, I realised that SMJ’s business is in carpets. With the monies of the IPO, SMJ will be ......