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.

NIKL - Nickel Asia Corporation IPO Opens Strong, Before the Foreigns "Tsupita"

Nickel Asia Corporation debuted earlier today its stocks on the Philippine Stock Exchange. Its opening price was at 19 pesos per share, and going as high as 19.40, before losing momentum to eventually close at 16.50 pesos per share.

While NIKL performed better in its debut agains Cebu Pacific's (CEB) IPO a few weeks back, NIKL's IPO was very volatile, moving within a 20% range in the morning trade. Usually on IPOs, it is the foreign investors who have the "strong" hands, with locals the one selling upon opening to make a quick buck. But this time, it is the foreign investors that are taking advantage of the IPO euphoria, selling down on any bids made by the local investors.

Still, it will be interesting to know what will happen on tomorrow's session, as this could also offer insights on the potential move of IP-Converge's IPO next month. Stay tuned guys.

PSE Rumor Mill: Nickel Asia’s (NIKL) IPO is Now Doing at 16 Pesos Per Share, Over the Counter

*EDIT* Price is now doing 17.50 OTC!

Apparently, there is a very strong demand for Nickel Asia’s IPO that brokers are now looking to buy NIKL shares at 16.00 Pesos per share, over the counter.

We are also actually looking to buy NIKL shares at 16.00 per share, any amount will do, but preferably 10,000 shares and up. So if you have NIKL shares allocated to you, and would want to sell it for an instant 1 peso profit per share, you can contact me hehe.

Nickel Asia IPO Priced at 15 Pesos, Sign of Low Demand?

It was just recently that the price for Nickel Asia Corporation’s (NIKL) IPO, or Initial Public Offering, in the Philippine Stock Exchange, was set at 15.00 Pesos per share. Initially, the offer price range was pegged between 14.95 to 23.00 Pesos per share. With the final offer price being set at the lower range, does this mean there’s little demand?

NIKL - Nickel Asia Corporation IPO

At a glance:

Offer Price Range: 14.95 - 23.00 Pesos per share

Tentative Listing Date: November 22, 2010

Offer Period: November 9 to 15, 2010

Now, after the crash-landing of Cebu Pacific’s (CEB) IPO, now closing even lower below its IPO price, investors are now starting to doubt the success of Nickel Asia Corporation’s IPO. But what really are in store for us, the traders and investors?

It's IPO Time Once Again: Nickel Asia and IP Converge Data Center

Two close out the year 2010, two companies, Nickel Asia Corporation, and IP Converge Data Center, will be offering shares to the public via an IPO, and to try and ride the bullish wave currently sweeping the Philippine Stock Market.