I came across a SGFunds forum thread that was discussing about IPO. From there, I understand that some underwriters will include a small portion of the shares for their own Internet Placement. This is to encourage more people to bid for the IPO via their system so that they would earn the $1 or $2 fee.
For IPO bidding, each bid will cost you about $1 or $2 depending on where you bid from. DBS Internet Banking offer this IPO bidding but it cost $2. For normal shares buying, it cost you at least $25 to do a transaction depending on brokerage and amount involved.
I went to MAS Opera web site and realised that whenever DBS is the underwriter, they would offer some of the shares via their DBS Vickers Securities as Internet Placement Shares. The advantage of this is that not many people will bid through here as not all have their trading account. (1 of them is me). However (sad to see this word?), most of the time the share allocation for this is actually very small. So if you want to try your luck, bid for its public and placement shares!
Subscribe to:
Post Comments (Atom)
Post a Comment