Shares & Derivatives
Y Ventures Group Ltd
By Mr. IPO  •  July 3, 2017
Y Ventures Group Ltd ("Y Ventures" or the "Company) is offering 35m shares at $0.22 each via placement for a listing on Catalist. There will not be any public tranche, hence my rating will not be meaningful. The market cap is around $44m and the IPO will close on 7 July at 12pm and starts trading on 11 July at 9am. Principal Business   On first look, the name Y Ventures seemed to suggest that it is a venture capital company. However, it is far from it and it is a e-commerce company. If you want the history of the Company on how the founders started the business selling used text books in 2003, you can find them on page 88. I find those few paragraphs more interesting part of the prospectus as it talks about how they actually started the journey. A little excerpt on the history for ......
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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