Wednesday, July 9, 2014

Starburst IPO balloting ratio

Starburst IPO balloting ratio is as follows:

There were 4,325 valid applications for the 2,000,000 Offer Shares available to the public for subscription. In total, these applicants applied for 428,789,000 Offer Shares, with application monies received amounting to approximately S$ 132.9 million. The public placement is 214 times over subscribed!

As usual, as the larger banding has a higher chance to get any allocation. On the biggest band of more than 1000 units, 130 people applied and only 21 are successful. Starburst will start trading on 10th July at 9am

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