It was quite rare to see such a "funny" announcement this morning..... where bookrunner and BHG Retail REIT announced that they have "agreed" to proceed with the offering. This probably means they had 'robust discussion' on whether to proceed with the IPO. ^_^ Placement Shares I belong to one of the placement holders above... luckily it is for the 1,000 to 9,000 category. DBS even tried to "kill" the placement applicants by exercising its over-allotment issue of 24.636m. This will allow DBS to buy back at a lower price if the share price opens lower tomorrow. It is a "win-win" situation where DBS earns 1% placement fee and then make the difference again if they can buy below the IPO price tomorrow through its stabilization exercise! Disgusting! Public Tranche There are only 594 applicants for the public tranche. If you have not heed my zero chilli ratings and apply ......