ListedACE Market· 0218· Shariah-compliant

ACO Group IPO

Industrial Products & Services, Industrial Services. Offered at RM0.28 a share, listed on 18 Mar 2020.

Offer price

RM0.28

Shares offered

83.0m

RM23m at offer

Market cap at listing

RM84m

Offer period

27 Feb 2020 to 6 Mar 2020

Listing date

18 Mar 2020

Principal adviser

Alliance Investment Bank Berhad

Timeline

Offer opens
27 Feb 2020
Offer closes
6 Mar 2020
Balloting
Done
Listed
18 Mar 2020

Oversubscription

15.5×

Public applications for 15.5 times the shares on offer.

First day of trading

-28.6%

Opened below the offer price, closed -42.9% on day one.

About ACO Group

Distribution of electrical products and accessories, specialising in cables, wires and accessories; electrical distribution, protection and control devices; and electrical appliances and accessories.

First-day forecast

CISCOM's forecast for ACO Group is available to Pro members.

Every IPO gets a projected first-day range and a probability of opening above the offer price, built from the most similar past listings on Bursa Malaysia. Across 246 IPOs in the walk-forward back-test, the model called the first-day direction right 74% of the time. Educational estimates, not investment advice.

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Facts on this page come from Bursa Malaysia announcements, the prospectus and issuing-house press releases, and can change. CISCOM is an educational service and does not provide investment advice. Past performance does not guarantee future results. Consult a licensed adviser before investing.