I blogged about the possibility of applying for this IPO some time ago on Investment Moats. And I did applied.
I am aware that the sentiments are lukewarm about this IPO at that time and they even tried to spread a rumor that it is so popular that it will close one day earlier.
But never in my wildest dreams would I expect the result. Here is the balloting results:
Basically, what this means is that EVERYONE that subscribes gets it.
Drizzt subscribed 11 lots. Drizzt got 8 lots!
Now you might think that is darn good. This is after-all the biggest IPO since Singtel IPO. But I have a very bad feeling about this. Since when did you have an IPO where you get almost 80% of what you subscribed!
It is beyond my belief and really I was expecting that I get only 1-2 lots. now I have 6 more.
This HPH will be listed on 18th of March 2011 at 2:00 PM as HPH Trust US$.
So what do you guys think? Should I pared down at a loss?
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