IP Converge Data Center IPO Now on Offer

Offer Price:  4.20 Pesos Per Share

Listing Date: December 9, 2010 (tentative)

Offer Shares:  45,466,667 commons shares
More Info: IP Converge Data Center IPO Offering Circular

With the IPOs of Cebu Pacific and Nickel Asia already behind us, a third IPO is looming just around the corner to close out the year 2010. IP Converge Date Center Inc, or CLOUD, is the newest IPO in town, a spinoff of IPVG, which is also a listed company on the Philippine Stock Exchange.

CEB performed okay on listing day, and some might even say lackluster. This is probably due to CEB’s extremely huge share offering, and coupled with a price offered on the higher end of the offer range. With Nickel Asia, which just traded this Monday, it went up by 30% on listing day, only to weaken towards the end with heavy foreign selling. Proving that foreign investors can also do the “chupita”.

But in the case of IP Converge, with a very limited amount of shares on offer, there is a good chance that this will hit ceiling on opening day.

Sound good right?

Never mind what their business is, (which is by the way about a data center, obviously haha), with only 45 million shares to be offered to the public, demand for this IPO is definitely going to be crazy. Brokerages are allocated with only 102,000 shares, so good luck with your broker giving you shares hehe, unless of course you’re a VIP client of that particular brokerage. You might ask, so how do I get shares for this IPO?

There is a Local and Small Investors, or LSI program, available for the common investors, but the thing is, your allocation will be capped at no more than a value of 25,000 pesos per investors. Sounds little right? What you can do to increase your allocation is to bring in friends, relatives, or even your yaya to apply for this IPO under the LSI program, and just credit these shares to your account with your broker hehe. It might be time consuming, but it is worth it. And you will thank me after December 9. ;)

Click here for the detailed IP Converge LSI Program.

If you’re going to get shares through the LSI program, and don’t have a broker, you can contact me, and I will be happy to serve you.