ListedMain Market· 5281

Advancecon Holdings IPO

Construction. Offered at RM0.63 a share, listed on 10 Jul 2017.

Offer price

RM0.63

Shares offered

123.0m

RM77m at offer

Market cap at listing

RM253m

Offer period

19 Jun 2017 to 28 Jun 2017

Listing date

10 Jul 2017

Principal adviser

RHB Investment Bank Berhad

Timeline

Offer opens
19 Jun 2017
Offer closes
28 Jun 2017
Balloting
Done
Listed
10 Jul 2017

Oversubscription

10.3×

Public applications for 10.3 times the shares on offer.

First day of trading

+34.1%

Opened above the offer price, closed +26.2% on day one.

About Advancecon Holdings

Primarily involved in the provision of earthworks and civil engineering services, which is a sub-sector of the construction industry in Malaysia.

First-day forecast

CISCOM's forecast for Advancecon Holdings 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.