Icon Offshore Bhd, an offshore support vessel (OSV) provider, is scheduled to be listed in Main Market of Bursa Malaysia on 25th June 2014.
The Initial Public Offering (IPO) consists of 510.77 million shares comprising offer for sale up to 289.02 million existing shares and public issue of 221.75 million new shares. 460.15 million will be offered to institutional investors, 15.30 million shares to the eligible directors and employees while the remaining 35.32 million shares will be opened to the Malaysian public.
The retail price of the offering is RM1.85 per share at RM0.50 par value. The final retail price will be determine through book building exercise. If the final retail price is less than the retail price, there will be a refund to the retail investors.