XOX Berhad, a mobile virtual network operator (MVNO) is schedule to be listed in ACE Market on 10th June 2011.
The IPO consists of public issue of 46.8 million new ordinary shares at an IPO price of RM0.80 per share at RM0.10 par value. Out of this, 7.5 million shares are allocated to Malaysian public, 9.5 million shares allocated to eligible directors, employees and business associates and 29.8 million shares for private placement.
The IPO will raise RM37.4 million in proceeds. The proceed will be used for company’s expansion plans and to enhance its profile among consumers.
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So far, 2011 is a good year for Initial Public Offering (IPO) listing in Bursa Malaysia. At the time of writing, there were 14 new IPOs listed. Out of these figure 8 IPOs were listed in the Main Market while 6 were listed in ACE Market.
All the IPOs debuted higher than IPO price on the first day of listing. However, 3 out of the stocks close lower than IPO price at the time of writing.
If you are interested to apply for upcoming IPO, take a look at the following table which shows the upcoming IPO for 2011.
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UOA Development Bhd, a property development and construction company is schedule to be listed in Main Market on 8th June 2011.
The Initial Public Offering (IPO) consists of 407 million ordinary shares at an IPO price of RM2.90 per share at RM0.05 par value. However, the final retail price will be equal to the 97% of the institutional price.
Out of 407 million shares, 337 million shares are offered to Malaysian and foreign institutional and selected investors (including bumiputera investors approved by the International Trade and Industry Ministry) and a retail offering of 70 million shares to the Malaysian public, eligible directors and employees of UOA Development, its subsidiaries and persons who have contributed to the success of UOA and its subsidiaries
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Ideal Jacobs (Malaysia) Corporation Berhad Initial Public Offering (IPO) received an overwhelming response with its Malaysian public portion of 2 million shares. It was oversubscribed by 315.17 times.
The IPO attract 12,482 applications or 632.3 million shares with the value of RM170.7 million. The new 28 million shares made available for private placement have been fully placed by placement agent.
Below are the allotment summary
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When opening a trading account with a Stock Broker (Participating Organization or Investment Banks) a CDS account will be opened at the same time. Normally, stock brokers can offer Direct CDS or Nominee CDS Account.
CDS stand for “Central Depository System” and it maintain by Bursa Malaysia Depository Sdn Bhd. Previously it was known as Malaysian Central Depository (“MCD”).
Each CDS account have its own advantage and disadvantage. The table below highlighted the different between the two.
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