Home Passive Income Will Mr. IPO be subscribing to Nanofilm ?

Will Mr. IPO be subscribing to Nanofilm ?

162
0

Thanks for taking part within the survey (which continues to be operating).

The interim outcomes confirmed that 49% will probably be subscribing. I additionally obtained a number of messages asking if I will probably be subscribing. I made a decision to share this put up to be able to undergo my thought course of.

I used to be able to attempt my luck on Sunday after I was writing my put up, however not so certain anymore as sentiments has turned.

I’ve written beforehand (some a few years in the past) that for IPO pop to occur, crucial is the timing.

For IPO to “pop” on day 1, elements embrace proper buyers sentiments, proper valuation and proper market.

I discussed in my Sunday put up that I used to be struggling to provide a 3 chilli rankings given the wealthy valuation however it’s the blockbuster IPO on SGX for 2020.

Now that we’re sooner or later away from the closing, I do not suppose the emotions is conducive as buyers are at present in a “risk-off” mode, ie persons are taking cash off the desk due partly to uncertainties over US election, rising Covid instances once more and most inventory markets are in a correction mode.

Given the above elements, I believe will probably be tougher for Nanofilm to pop regardless of the stellar institutional buyers base.

As such do proceed with warning if you’re meaning to flip.

As for myself, I’ll give it a cross for now given the approval course of I must undergo and think about it for long term funding subsequent time.

Completely satisfied nanoing !