Dear readers, yesterday after work, I went to update my bank account. Not to see how much I have saved but rather to see whether I have been successfully allotted the IPO shares of RE&S. If you could recall, RE&S will start its debut trading on SGX tomorrow. As my bank book got updated with lots of “beeps”, I was wondering whether one of the beeps could be the refund of the amount I have subscribed for the IPO stock.

When my bank book came out from the updating process, I looked at the bank book and there was, the refund of the amount I have put up for RE&S IPO. I was disappointed considering that this IPO was a popular and keenly awaited one. But I also understood that with just 3 million shares available to the public, competition will be intense. I thought that I could have stood …