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Soon Hock Enterprise's IPO 9.8 times subscribed

The Edge Singapore
The Edge Singapore  • 2 min read
Soon Hock Enterprise's IPO 9.8 times subscribed
Soon Hock Enterprise Holding’s founder and executive chairman Tan Yeow Khoon (right) and executive director and CEO Walter Tan Min Loon / Photo: Albert Chua
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The $48.1 million IPO of industrial properties developer Soon Hock Enterprise, which closed on Oct 14, is 9.8 times subscribed.

For the 2.8 million shares available in the retail tranche, there were 1,444 applications for a total of 47.3 million shares, which makes this 16.9 times subscribed.

The larger international offer of 18.78 million shares received interest worth $95.1 million, which makes this tranche 8.7 times subscribed.

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