LHN IPO decent; pity there's no public portion

RETAIL investors looking for value in promising local, home-grown companies might be disappointed that the Singapore market's first initial public offer (IPO) of 2015, that of real estate manager LHN Group, has no public portion.

Disappointment would be because LHN bears all the hallmarks of a decent IPO that should prove rewarding to shareholders - it is fairly priced, the company is profitable, there is scope for upside and the money is largely to be used for business expansion.

Setting aside for...

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