Global Premium Hotel IPO

25 April 2012 – Global Premium Hotels Limited (“GPH”), the owner and operator of the second largest economy-tier hotel chain in Singapore, announced that its initial public offering (“IPO”) of 450.0 new million shares at $0.26 each was approximately 5.7 times subscribed. The IPO was met with strong demand from institutional and retail investors. Six anchor investors which comprised 2G Capital Pte Ltd, Eastspring Investments (Singapore) Limited, JF Asset Management Limited, DWS Investment GMBH, James Caird Asset Management and Trafalgar Capital Management Ltd, have subscribed for Placement Shares representing 34.7% of the total Invitation (including the overallotment of 67.5 million additional shares).

Wow, i am looking at 33 cents tomorrow. Magyver, do you think it is possible?

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[MacGyver 20-04-2012]:

Dear Forummers,
The response for this IPO is very hot. Better go to the ATM and try your luck if you have the time.
I heard many fund managers want the shares but were only given very small allocations.
Can consider.
 2 con man detected in this IPO ..... 29c only
 
 

If this was listed yesterday, the stags would have a bonanza when there was a feeding frenzy on JEL in the morning. One day late ! 

Hoho, I must have upset some people when I managed to get Global Premium Hotel shares. Well, I am not selling today. Sitting tight. Waiting for F1 to provide the surge in hospitality.

Almost back flat to IPO price already 26.5 . Soon will be underwater . Beware .
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[MacGyver 26-04-2012]:
Hoho, I must have upset some people when I managed to get Global Premium Hotel shares. Well, I am not selling today. Sitting tight. Waiting for F1 to provide the surge in hospitality.