Friday, August 24, 2012

Far East Hospitality Trust IPO Balloting Results

Far East Hospitality Trust IPO balloting results are finally out as of 9:08 PM SG time. A snapshot of the Public tranche offer balloting result is available below. For more information, the full balloting announcement is available via SGX website here.

Some key points summarizing this IPO exercise

  1. 14.6 times subscribed
    • 732,338,000 stapled securities was bid for
    • 50,000,000 only available (an additional 1,800,000 shares on top of the 50,000,000 is also in the public tranche but only available for subscription by directors etc.)
  2. 267,566,000 stapled securities offered to institutional and other investors via placement tranche.
  3. DBS Bank is acting as the stabilising manager with over-allotment of 65,873,000 shares from the placement tranche.

Note that shares for FEHT will start trading on the SGX mainboard on 27th Aug 2012, Monday.

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