Halcyon Agri Corporation Ltd (IPO)

IPO tomorrow would be for Halcyon Agri Corporation Ltd. A midstream natural rubber producer, specialising in the production and marketing of natural rubber for the global tyre manufacturing industry. The Company is headquartered in Singapore and owns several rubber processing facilities in Indonesia. Placement details of 61m shares at $0.36 each as follows: 44m new shares; 17m vendor shares; Company is pricing IPO at 16x P/E, vs peer GMG Global at 18.8x P/E