atans1

Double confirm, F1 not listing here

In Uncategorized on 26/08/2012 at 7:15 am

A few months ago, MediaCorp reported that it heard that F1 was not listing here, not juz postponing its IPO. 

On Friday MediaCorp reported, Singapore Exchange CEO Magnus Bocker said he expects a few big ticket initial public offerings (IPOs) to come into Singapore for the rest of 2012.

These listings are expected to come from local and regional companies. http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1221696/1/.html

F1 is not a regional or local company.

And “big ticket”? Not USA$1bn and bigger IPOs aka M’sia. We had two sub billion USD IPOs of Reits and another hospital Reit of similar size is coming. Reuters reports: “Religare Health Trust is set to launch an up to $400 million initial public offering in Singapore, a source said, in a move that will allow the backer of the trust, Indian hospitals group Fortis Healthcare, to cut its substantial debt level.”

When is the ang moh FT CEO and his Indian FT president (“Tonto” is his name?) going to deliver on a US$1bn IPO. S’pore has never played second fiddle to M’sia in capital markets, except in Islamic finance. Now in IPOs, the FTs have S’pore down.

Related rant: http://atans1.wordpress.com/2012/08/22/while-sgxs-ft-ceo-wanks-kl-bags-yet-another-mega-ipo/

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