Pavilion REIT (Real Estate Investment Trust) Initial Public Offering (IPO) received an overwhelming response with its public portion of 31 million units. It was oversubscribed by 7.49 times. The IPO attracted 9,446 applications or 232.3 million units.
In addition, 1.5 million units initially set aside for the Preferential Allocation were made available for balloting.
Institutional price was fixed at RM0.90 per unit & retail offering was fixed at RM0.88 per unit.
Below is the allotment summary.
|Denomination||No of Application||No of Successful Application||% Chance||Units / Successful Applications|
Notices of Allotment will be dispatched by post to all successful applicants on or before 6th December 2011. Pavilion REIT is expected to be listed on the Main Market of Bursa Malaysia on 7th December 2011 under the stock name “PAVREIT”.
Detail’s information is available in Bursa Malaysia webpage.
Sad i didnt get it. Reality is that % chance is hihger for rich people…i tot it should be otherwise
kingjoke, you could buy in the open market when it open providing the price don’t shot up too much.
Should be a good/reasonable buy at RM0.90-0.95…let’s see on Dec7…