First Sponsor Group announced its balloting results where the invitation is 1.75x subscribed. I must say this is a weak subscription.
...The public tranche balloting rato are as follows:
The probability of getting some shares if you apply is more than 50%, with those applying 10 to 49 lots getting 4 lots each.
I don't see any big names in the placement tranche other than the cornerstone that was announced earlier but not part of the invitation and this is such a poor announcement where they did not even disclose how many shares were allocated to the three "substantial applicants" below other than a cursory "more than 5%". Terrible.
I have given my rating on this stock previously. If you asked me if i am "bearish" for its IPO debut, i have to tell you that my gut feel is that it should debut above its IPO price ...