Saturday, July 15, 2017

UNION GAS IPO: WILL YOU APPLY NOW?

UNION GAS IPO
UNION GAS launched its IPO on 13 Jul 2017. The IPO price of UNION GAS is 25 cents per share. There will be in total 60 million UNION GAS shares: 30 million new shares and the remaining 30 million shares are vendor shares. Do you know of these 60 million shares, how many will be offered to the public? The answer is 1.28 million shares or just around 2.13% of the total number of shares.
As its name implies, no need to guess (pun 100% intended), the business of UNION GAS is gas. Under Union Gas Holdings, there is Union Energy which sells bottled LPG cylinders and related accessories to households. There is also Union Gas which operates a fuel station selling CNG and diesel.

The IPO price is around 6.95 the group’s pro forma earnings per share of 3.6 Singaproe cents for the year ended 31 Dec 2016.

I will not be applying for Union Gas IPO due to the small public tranche. And also I do not know in general (since I have not done much research into) the energy market of Singapore. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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