By: Derek Lim Hard-luck. Even for a fairly big IPO like this, I'm still unable to get any. Come to think of it, my only two successful IPOs (ChinaRetail Investment Trust and CitySpring) was applied via DBS and none of was successful via UOB. Despite the low yield, I believe that AscendasIndT is a good stock for the long term. My initial plan is to buy only 1 lot and being the typically "Kiasu" Singaporean, I bid 1 lot at $1.60 and another at $1.78 (I estimated that it will open in this range). However, the opening price was only $1.39 and I got 2 lots instead. I consider myself fortunate to be able to get it at that price. It's easy to compare AscendasIndT with CapitaRChina but one must remember that CapitaRChina opened when the market conditions were favorable. I believe AscendasIndT has the potential to hit $2 but it will take more time as compared to CapitaRChina.