As I have mentioned in my previous post, I said that SOG (Singapore O&G) is pretty much going to be a great hit. and how true it is; just take a look at the balloting results below:
A total of 730 million shares are applied for only 2.2 million shares, a whooping 332 times subscription rate!
On a side note, it seems the higher chances of getting a successful allocation goes to those who ballot for 1 lot. For those who do not know how to read the ratio; take for example for the 10 to 49 lots band, the chances of successful allocation is 7.07% (7/99).
Good luck to those who are successful in the application, the stock will definitely get a pop in the morning 9am.. As for me, I will be waiting by the side to await a chance to get in again through the open market then...