Asian Pay TV raises S$1.39b in S’pore IPO | TODAYonline:
'via Blog this'
So it is confirmed that the price is at $0.97 per unit which is at the bottom of the updated indicative range of $0.97 to $1.
Initially, the indicative range was $0.92 to $1 so by narrowing it at the top end seems to say that there is demand for this business trust. However, with the pricing not at the top end of the indicative range shows that people are not willing to pay more to invest in this trust.
Thus, for me, I will not apply for this IPO as my prediction is that its opening price will be about $0.97 if not lower. It is very unlikely that it will move above $0.97. Anyway, I have indicated before in my earlier post, that about 7.4% yield is not appealing especially that there are REITs which are more stable and trading at this yield.
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