gems-tv-ipo-oversubscribed

Gems TV IPO oversubscribed

The company's unique business model and strong growth potential underpins Singapore's fourth largest IPO this year.
The initial public offering by Gems TV Holdings proved to be as popular among institutional investors as the UK TV channels that sell its jewellery, allowing the company to fix the price towards the top of the offering range for a total deal size of S$308.6 million $198 million.

The companyÆs unique business model, which combines the manufacturing of handcrafted coloured gemstone jewellery at two production facilities in Thailand with the operation of television home-shopping channels dedicated to the sale of that jewellery, as well as its status as a retail concept stock helped attract more that 120 investors to the Singapore offering. Together they ordered more than 12 times the amount of shares...
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