How many of you still remember the famous Hong Kong show “The Greed of Man” (大時代)? The dramatic scene of the final battle between Ting Hai (丁蟹) and Fong Chin-bok (方展博) on the trading floor of the Hong Kong exchange was probably the childhood memory that triggered my interest in the stock market. Whatever political […]
2012 Performance of SGX IPOs
Despite much frustration in global stock markets, Singapore IPO has been hot for this year. Over 2012, Singapore Exchange (SGX) has listed five new companies on the Mainboard and three new companies on Catalist. The next company to be added to the Mainboard is IHH Healthcare Berhad which is scheduled to list on 25 July. […]
Singapore IPO Fever is Back
Just one month ago, TheEdge wrote an article “IPOs have ‘0’ friends right now”, quoting the keenly-anticipated initial public offering of Formula One had been shelved and London-based jeweller Graff Diamond pulled its Hong Kong US$1 billion IPO 24 hours before it was expected to be priced. In Singapore, the IPO fever is just getting […]
Stop your Facebook IPO Dream and Join Goldman Sachs
Although IPO mania is commonly seen in the financial market, the global enthusiasm of Facebook IPO is rare and massive. Months before Facebook listing, people started rubbing their hands to get a slice of the pie. Facebook Pre-IPO shares were trading at $40 at www.sharepost.com. There were even funds set up and marketed as “Facebook […]
The Mysterious Up and Down of Sheng Siong IPO
Sheng Siong stock crashed 10.71% today! This is so ironic because today’s news paper headline was “Voracious appetite for Sheng Siong shares“. It cited some “market watchers” trying to explain the 70% run up of the stock since it debuted on Aug 17. The reasons given were like recession-proof, defensive nature and attractive dividends, institutional […]
Should I Invest in Sheng Siong IPO?
Today I see a surge of visit to one of my blog entries last month, Sheng Siong seeks up to S$141m in IPO. It is obviously because Sheng Siong made the headlines in today’s Straits Times, “Sheng Siong dangles dividend as carrot in IPO”. I always caution investors against investing in IPOs not due to […]