Before the IPO of NetLink NBN Trust in Jul 2017, there was a bookmaking process in which institutional firms are allocated shares before the general tranche was offered to the public. My broker from UOB KH emailed and asked clients to bid for it.

A summary of the prospectus lodged in Jun 2017 attracted by attention.

·         Critical infrastructure enabling Singapore’s Next Gen NBN
·         Resilient business model with transparent, predictable and regulated revenue stream
·         Sole nationwide provider of residential fibre network in Singapore, an attractive market with high demand for fibre broadband services
·         Well positioned to benefit from growth in the non-residential segment as the independent nationwide network provider
·         Well positioned to capitalise on growth in connected services including Singapore’s Smart Nation initiatives
·         Extensive nationwide network affording natural barrier to entry
·         Highly scalable operations and credit strength support...