ListedACE Market· 0258· Shariah-compliant

Agmo Holdings IPO

Technology, Software. Offered at RM0.26 a share, listed on 18 Aug 2022.

Offer price
RM0.26
Shares offered
85.0m
RM22m at offer
Market cap at listing
RM85m
Offer period
1 Aug 2022 to 8 Aug 2022
Listing date
18 Aug 2022
Principal adviser
Kenanga Investment Bank Berhad

Timeline

  1. Offer opens
    1 Aug 2022
  2. Offer closes
    8 Aug 2022
  3. Balloting
    Done
  4. Listed
    18 Aug 2022
Oversubscription
120.2×

Public applications for 120.2 times the shares on offer.

First day of trading
+207.7%

Opened above the offer price, closed +201.9% on day one.

About Agmo Holdings

Agmo builds mobile and web applications for businesses across healthcare, logistics, oil and gas, automotive, financial services, and government sectors in Malaysia, with a smaller footprint in Singapore and a few other countries.

First-day forecast

CISCOM's forecast for Agmo 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.

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