Far East Hospitality Trust released its balloting results this evening. The response was pretty good with the public tranche 14.6x oversubscribed and even the over-allotment of 65.9m shares were exercised, which means the stabilizing manager will step in should share price falls below 93c.
The balloting table are presented below for your convenience.
The probability of getting the shares are pretty good at 40% or better.
My balloting results
I have another 4 lots from placement tranche, looks like a good IPO year for me?
Happy IPOing
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