I recently shared an article in the Straits Times that was published on 22 Dec 2022 and the title was "Tough year for S'pore IPO market with 11 listings, 32 delistings so far, and more challenges ahead." and basically, it was a "eat grass" year.
So the 11 listings sourced from Shareinvestor.com are as follows:
| 11 listings in 2022 (from Shareinvestor.com) |
As you can see from the table above, it is impossible to make any good money flipping IPOs as out of the 11 IPOs, only 6 were made available to the public and most of them went below the IPO price. As of today, only LMS Compliance is slightly above the IPO price, with the remaining 10 underwater. Sigh!
I will continue my tradition of sharing my IPO tikams and surprisingly it is better than 2019. I made $6,062 from IPOs in 2022 from the placement tranche from only two counters - LHN logistics ($501) and Oiltek ($5,561) and
