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I heard the tgt price is only 40c
This is a "no show" today.
The price really got stucked.
Blocked at 0.35..
remember, PCBA industry is downtrending, electronic industry is bad at this moment, if u are contra player, better let it go fast within this week, after the IPO play is over, it will just stay there.
Opened at $0.38, then got heavily shorted down.
Luckily withdrawed my order 5 min before opening.
Luckily withdrawed my order 5 min before opening.
Opening soon.
How is this going to perform today?
How is this going to perform today?
Invitation in respect of 30,000,000 New Shares comprising:?
(a) 2,000,000 Offer Shares at $0.25 for each Offer Share by way of public offer; and
(b) 28,000,000 Placement Shares by way of placement, comprising:?
(i) 23,000,000 Placement Shares at $0.25 for each Placement Share for application by way of Placement Shares Application Forms; and
(ii) 5,000,000 Reserved Shares at $0.25 for each Reserved Share reserved for our Directors, management and employees, payable in full on application.
Based on the total invitation size of 30,000,000 New Shares and the total valid applications amounting to 821,868,000 Shares (comprising 793,904,000 Offer Shares and 27,964,000 Placement Shares), the Invitation was approximately 27 times subscribed.
To ensure a reasonable spread of shareholders, the Board of Directors of the Company has decided on the following basis of allotment for the Offer Shares:-
No. of Offer Shares Percentage of Total No.
Range of Offer Balloting Allotted per of Offer Shares No. of Successful
Shares Applied for Ratio Successful Applicant Available to the Public Applicants
(?000) (%)
1 to 9 8 : 99 1,000 8.2 167
10 to 49 9 : 99 2,000 30.7 313
50 to 99 10 : 99 2,000 8.5 87
100 to 499 11 : 99 3,000 38.0 258
500 to 999 11 : 99 4,000 5.9 30
1,000 and above 12 : 99 5,000 8.6 35
100.0 890
The spread of successful applicants for the 27,964,000 Placement Shares is as follows:-
Range of Placement Shares Applied for No. of Placees
(?000)
1 to 9 149
10 to 49 484
50 to 99 83
100 to 499 54
500 to 999 0
1,000 and above 3
773
All the 5,000,000 Reserved Shares were fully taken up. The spread of successful applicants for the Reserved Shares is as follows:-
Range of Reserved Shares Applied for (?000) No. of Placees
1 to 9 15
10 to 49 45
50 to 99 12
100 to 499 14
500 and above 0
86
ROKKO?S IPO RECEIVES STRONG SUPPORT
- IPO approximately 27 times subscribed based on the total offering size of 30 million shares
Rokko Holdings Ltd. (?洛科集团有限公司?) (?Rokko? or the ?Group?), a provider of automated equipment and precision engineering services, has announced today that its initial public offering (?IPO?) has received strong response from investors in both the Placement and Public Offer tranches. The IPO was approximately 27 times subscribed based on the issue size of 30 million shares.
In connection with the listing of the Group on the SGX-ST Dealing and Automated Quotation System (?SGX-SESDAQ?), 30 million shares comprising 2 million Offer Shares and 28 million Placement Shares, were offered at S$0.25 each.
As at the close of its IPO at 12.00 noon on October 25, 2007, 9,258 valid applications were received for the 2 million Offer Shares made available to the public for subscription at S$0.25 per Offer Share. In total, these applicants applied for approximately 793.9 million Offer Shares, with application monies received amounting to approximately S$198.5 million.
Rokko?s Placement tranche of 28 million Placement Shares also garnered strong interest from institutional and corporate investors. They include funds under the discretionary management of Daiwa SB Investments (Singapore) Ltd and Sirius Venture Consulting Pte Ltd and its associate.
Said Mr Gary Lim Chong Chen (林仲振), founder and Managing Director of Rokko: ?We are delighted with the overwhelming response to our IPO from both institutional and retail investors. This signifies the investing community?s trust in Rokko and its future prospects. We are extremely encouraged by this vote of confidence in us and will work towards realising our commitment to enhance shareholder value.
Our listing in Singapore marks a significant milestone for Rokko Holdings Ltd. With the IPO proceeds, we will continue to invest in our research and development to stay at the forefront of technology, and provide more value to our established customer base. We will also seek to strengthen our market position in the region through organic and strategic expansion plans.?
Rokko plans to use the net proceeds of approximately S$6.2 million from the issue of the New Shares as follows:
- Expansion of production capacity for its Stamping and Tooling Divisions
- Development of new products
- Acquisitions, joint ventures and/or strategic alliances for expansion of its business, and for working capital purposes
China Construction Bank Corporation, Singapore Branch, was the Manager, Underwriter and Placement Agent for the IPO.
Trading of Rokko?s shares will commence on October 29, 2007, at 9.00 a.m.
Corporate Profile
Established in 1994, the Group currently provides automated equipment and precision engineering services to customers in the semiconductor and electronics industries. The Group has 3 main business segments ? Equipment ? the design, development and manufacturing of automated equipment and marketing it under the proprietary ?Rokko? and ?Finix? brands, Tooling ? the design, development and manufacturing of precision tools used in the front-end and back-end processes in the semiconductor manufacturing process, and Stamping ? the provision of connector stamping services, as subcontractors, to manufacturers in the electronics industry. The Group, with manufacturing facilities in Singapore and Malaysia and a presence in Indonesia, has a global customer base stretching from South East Asia to North Asia and some parts of Europe.