Netlink NBN Trust announced its IPO was 2x subscribed. Considering its large float, this is a decent subscription rate.
Mr Tong Yew Heng (唐耀兴), Chief Executive Officer of the Trustee-Manager, said, "Therobust demand from both institutional investors and retail investors to our IPO is a strongvote of confidence in the NetLink Group's unique investment proposition. The NetLinkGroup's future growth is driven by a clear strategy to tap opportunities in the residential,non-residential and non-building address point segments, underscored by the continuedgrowth in data consumption. Going forward, we intend to provide our Unitholders withregular and predictable distributions."
The balloting ration is below.
It is not difficult to be allocated (between 70% to 100% chance) to get some shares. Mrs IPO managed to get 13,000 shares. I made the mistake of not getting Mrs to apply in the 100,000 range as that will get her 25,000 ...
