Advancer Global Limited has announced their balloting results this evening which shows that the total invitation was 5.5x oversubscribed. For the small retail public tranche of 2 million shares, the balloting ratio was pretty decent and spread across the range of offer shares applied. For instance, the majority of the offer shares was in the range of 100,000 to 499,000 shares applied and the probability of successful allocation was at 17% which I thought was pretty decent. The successful applicant will be allocated 8,000 shares for this instance. Not surprisingly, the odds for the higher range applied was visibly lower than the lower range as the company probably wanted a range of investors at the lower range which indicate to me that the management might be minority shareholder's friendly. They could be rough and decide to allocate most of the shares to the highest bid applicants instead. I applied ...