iFAST Corporation Ltd ("iFAST" or the "Company") is offering 32.8m new shares at $0.95 each of which 2.8m is for the public and the rest via placement. The IPO will close on 9 Dec 2014 at 12pm and starts trading on 11 Dec 2014. There will be an over-allotment option for 3.28m shares as well. Separate from the offering, there will be a 19m tranche for Cornerstone investors. The market cap will be around ~S$243.4m
Principal activities
iFAST is an internet-based investment products distribution and administration platform with AUA of ~S$5.13 billion as of end Sep 2014. It is headquartered in Singapore is present in Hong Kong, Malaysia and China. It has two primary portals which you may be more familiar with:
- Fundsupermart.com. As the name suggest, this is the place you can buy and sell funds at 1% (if i recall correctly). ...
