Econ Healthcare Asia Ltd balloting result (IPO)

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The public tranche of the IPO is 87x over subscribed.  This has to be one of the highest over subscribed public tranche in recent history. I will take the number with a pinch of salt. Given there are only 1.8m available to the public for subscription. Overall the IPO is a bit more modest 4.1x over subscribed if one included placement shares to directors and institutional investors. With such high application number in public tranche, successful applicants will get only 1k-4.5k shares depending on number of shares applied. Hopefully those who got it can make back their broker’s commission. Good luck!

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