Linc Energy launched its IPO today with a very thick prospectus. It is offering 47,850,000 shares at $1.20 each of which only 500,000 is reserved for the public. The IPO will close on 16 Dec 2013 at 12pm.

Linc Energy was delisted from the ASX to float on SGX to "improve access to capital markets" and reposition the business to deliver its "long-term growth strategy." You can read an article from Bloomberg here. From the look of it, the amount raised of S$47.9m is frankly insignificant. As such, i would not deem this as a real "IPO" but more of a relisting exercise. There will be an over-allotment issue of 4m shares.

Linc Energy is a diversified energy company with a portfolio of different assets.

Linc Energy believes it is the only company in the world to have produced diesel ...