In general, there is about 40%-50% chance of balloting successfully. There are a total of 9563 successful applicants.
On the lower bands, the balloting results were some what similar to that of Ascendas Hospitality trust where the first band are allocated 1 lot and the second band are allocated 3 lots.
On the higher bands, we see a bigger difference as Far east hospitality trust is more heavily subscribed.
Looking at the highest band, 37 individuals applied for more than 1000 lots ($930,000 in value) successfully. Since 2/5 are successful, it works out to 92 or 93 individuals on this band. There are so many rich people out there.
The counter will open on 27th August at 2pm.
Related posts:
Far East H-Trust lodges preliminary prospectus indicating S$656m IPO
Far East H trust IPO
AH trust balloting ratios
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