SingPost's innovative twist

As the stock prepares to trade on the Singapore Stock Exchange, news emerges of a volume discount scheme for large institutional orders.

In what marks a new precedent for Asian equity markets, the Monetary Authority of Singapore MAS has revealed that SingPost established a special incentive scheme in a bid to secure large institutional orders for its IPO last week. On its website this morning Tuesday, the MAS lists eight institutional accounts that received stock at a discount to the IPO price of S$0.60.

Institutional accounts were offered two sets of discounts. Those allocated tickets of more than...

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