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Anonymous
Any strategy of ensuring a higher success rate of subscribing?
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Cedric Jamie Soh
23 Sep 2019
Director at Seniorcare.com.sg
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Kenneth Lou
23 Sep 2019
Co-founder at Seedly
Super excited for this, I think it will be largely oversubscribed... let's see..!
And Elijah answered this question really well
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Elijah Lee
22 Sep 2019
Senior Financial Services Manager at Phillip Securities (Jurong East)
Apply through your ATM/internet banking, as others have said.
However, whether you get an allocati...
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Maximising your chance and allocation of popular stocks on IPO
A) For those IPO that are hugely popular and going to be oversubscribed, there is a strategy of maximising the chances of getting more stocks.
1) Don't just apply for the number of shares you want, everyone will get under-allocated (if selected at all).
Apply more than you want, because if you are selected, you will get a lower number anyway (this strategy will backfire if the IPO is not popular, but I guess you would have done your due diligence)
2) Apply for 100,000 shares. If you have limited capital, go for 50,000
This photo will probably explain why.
These are what I learnt from
https://singapore-ipos.blogspot.com/2007/07/how... I have been using these strategies in the past when the Singapore stock market was alive and bursting with excitement. Nowadays I have sold almost everything I have in SGX, including those gems I got from IPO.
B) For those who still don't know how to apply for an IPO.
1) Get CDP account (Seedly has a good article on CDP application https://blog.seedly.sg/step-step-guide-opening-... )
2) when IPO date is opened on 25 Sept 9 am, go to ATM or use your internet banking (go find Securities Application or something similar) of any local banks OCBC, UOB or DBS /POSB.
You can apply online or via ATM, the application fee is only $2.
Have great luck IPO-ing!