Shares & Derivatives
Singapore O&G Ltd IPO – Thoughts
By A Path to Forever Financial Freedom (3Fs)  •  May 28, 2015
I was highlighted from a fellow blogger, Richard from Invest Openly regarding the upcoming healthcare related IPO which will be listed in the Catalyst. Many people are comparing this against related healthcare Raffles Medical which are now trading at around 30x PER. For me, I'd see this more towards the proxy of Cordlife, since they are in the industry of gynaecology and birth rates grooming. A total of 43.6 millions of shares were offered but only 2.2 millions were offered to the public, which translates into about $550K in absolute figure. In my opinion, this is way too little and they probably want to get long term institutional investors to come in and grab the rest while leaving little to the public. I took a quick look at the prospectus and develop the following thoughts:- 1.) Financials look really solid there. It's hard to find companies netting ...
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By A Path to Forever Financial Freedom (3Fs)
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