SingPost guarantees IPO delivery

The company prepares for the world''s first ''virtual'' global roadshow as it moves forward with its planned flotation.

SingPost is likely to set a new precedent for the international capital markets next week as the company considers embarking on a full two week global roadshow without setting foot outside of Singapore. In order to combat potential concerns about Sars, the company is said to be planning to conduct all one-on-one presentations via videoconference.

The move should result in huge cost savings from the perspective of roadshow expenses and observers say the only reason it has not been done before is because investors always insist on face-to-face meetings. This time round, however, many companies have internal corporate policies preventing staff from meeting SingPost mangement even if the individual fund manager...

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