ListedMain Market· 5311

Cape EMS IPO

Industrial Products & Services, Diversified Industrials. Offered at RM0.90 a share, listed on 10 Mar 2023.

Offer price

RM0.90

Shares offered

259.7m

RM234m at offer

Market cap at listing

RM831m

Offer period

16 Feb 2023 to 24 Feb 2023

Listing date

10 Mar 2023

Principal adviser

Hong Leong Investment Bank Berhad

Timeline

Offer opens
16 Feb 2023
Offer closes
24 Feb 2023
Balloting
Done
Listed
10 Mar 2023

Oversubscription

17.8×

Public applications for 17.8 times the shares on offer, 18,526 applications.

First day of trading

+57.8%

Opened above the offer price, closed +66.7% on day one.

About Cape EMS

Cape EMS Berhad is a Johor-based electronics manufacturing services (EMS) provider serving industrial and consumer electronics customers, including manufacturers of wireless communication equipment, POS terminals, household appliances, and electronic cigarettes.

First-day forecast

CISCOM's forecast for Cape EMS 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.