A Quick Look at the 5 Initial Public Offerings in November 2017

There were 19 initial public offerings (IPOs) over the past 11 months of 2017, according to a recent report by Singapore Exchange Limited (SGX: S68). The average price gain of the 19 stocks was 45%, and the median increase was 3.7%.

Out of the 19, there were five that debuted on the stock exchange in November, the highest monthly figure so far this year. Let’s take a look at them here (last done price as of 30 November 2017).

1. Keppel-KBS US REIT (SGX: CMOU) debuted on 9 November 2017 at an IPO price of US$0.88. The real estate investment trust (REIT) had an initial portfolio of 11 commercial assets across seven major US cities. In terms of geography, Seattle contributes the highest rental income at 32% while Houston comes in second with 21%.

2. RE&S Holdings Ltd (SGX: 1G1), a concept owner and operator of Japanese food and beverage (F&B) outlets in Singapore and Malaysia, went public on 22 November. At the close of the IPO exercise, the public shares and placement shares (excluding six million reserved shares) were 37.8 times subscribed. At the last done price of S$0.255, it has risen some 16% above its IPO price of S$0.22.

3. Next on the list Mindchamps Preschool Ltd (SGX: CNE), the biggest operator and franchisor of premium range preschool centres in Singapore. It went public on 24 November at an IPO price of S$0.83. To know more about the company, you can head here.

4. Another F&B firm, No Signboard Holdings Ltd (SGX: 1G6), made its stock market debut on 30 November at an IPO price was at S$0.28. With net IPO proceeds of S$32 million, the company “plans to use the proceeds mainly to develop its beer business, establish a new chain of casual dining restaurants, develop its ready meal business, and for general working capital purposes”. You can learn more about its growth plans here and here.

5. On the same day as No Signboard Holdings, Cromwell European REIT (SGX: CNNU), went public at an offer price of €0.55. It is Singapore’s first REIT with a diversified pan-European portfolio. The IPO portfolio consists of 74 properties across five countries in Europe with a focus on office and light industrial/logistics sectors.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of Singapore Exchange Limited. Motley Fool Singapore contributor Sudhan P owns shares in Singapore Exchange Limited.