ListedACE Market· 0277· Shariah-compliant

Cloudpoint Technology IPO

Technology, Digital Services. Offered at RM0.38 a share, listed on 29 May 2023.

Offer price

RM0.38

Shares offered

159.5m

RM61m at offer

Market cap at listing

RM202m

Offer period

9 May 2023 to 15 May 2023

Listing date

29 May 2023

Principal adviser

M & A Securities Sdn Bhd

Timeline

Offer opens
9 May 2023
Offer closes
15 May 2023
Balloting
Done
Listed
29 May 2023

Oversubscription

112.9×

Public applications for 112.9 times the shares on offer, 36,608 applications.

First day of trading

+97.4%

Opened above the offer price, closed +35.5% on day one.

About Cloudpoint Technology

Cloudpoint is a Malaysia-based IT solutions provider operating through its subsidiary CSSB, offering enterprise and data centre networking, cybersecurity solutions, professional IT services, and cloud services/software applications.

First-day forecast

CISCOM's forecast for Cloudpoint Technology 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.