Back in October 1993, Singtel first became a public company on the Stock Exchange of Singapore (now known as Singapore Exchange or SGX). Unlike an  Initial Public Offering (IPO) that we would see today, where the majority of available shares are privately placed by major financial institutions. And a small portion is offered to retail investors. Singtel’s IPO was unique as Singapore citizens were able to purchase shares at a discounted price as part of the Government’s effort to share the nation’s wealth and to encourage retail investment. As a result, the telco raised S$4.2 billion by offering 1.69 billion shares — the largest IPO ever in Singapore. By the way, if you’re reading this and wondering if you own any Singtel shares by chance… You have to be at least 48 years old (in 2020) to own any Discounted Singtel Shares in your CPF account....