Elite Commercial Trust seems to have filed for IPO during a time of poor market sentiment over the increasing number of Wuhan pneumonia cases that seems to be spreading across China as well as other Asian countries. But I think it will perform well for the IPO as the public offer tranche is only a mere £3.3 Million or 3% of the total IPO offering as reported by the The Business Times. The bulk of the offering will go on to international investor outside the US of £63.2 Million to £74.3 Million. A third tranche of £52.9Mil (44.3%) of the offering is already committed to cornerstone investors- Bank of Singapore, CIMB Bank Berhad Singapore Branch and UBS AG Singapore Branch on behalf of their private banking clients. The sponsors are Elite Partners Holdings Pte Ltd (Fund Management Group), Ho Lee Group Pte Ltd (Developer of industrial and residential properties and one...