StarHub launches IPO

Singapore telecom operator StarHub has launched its IPO, offering 482 million vendor shares at a maximum price of S$1.15 a share. The final offer price is expected to be fixed on 6 October. BT and Singapore Press Holdings will be selling most of their stakes in the IPO.

With only vendor shares on offer and the company still making losses in the face of competition from MobileOne and Singapore Telecom in a saturated market, I think investors will need to be very price-sensitive to make money from this IPO.