ListedMain Market· 5317· Shariah-compliant

CPE Technology IPO

Industrial Products & Services, Industrial Materials, Components & Equipment. Offered at RM1.07 a share, listed on 7 Dec 2023.

Offer price

RM1.07

Shares offered

235.0m

RM251m at offer

Market cap at listing

RM718m

Offer period

20 Nov 2023 to 24 Nov 2023

Listing date

7 Dec 2023

Principal adviser

KAF Investment Bank Berhad

Timeline

Offer opens
20 Nov 2023
Offer closes
24 Nov 2023
Balloting
Done
Listed
7 Dec 2023

Oversubscription

17.7×

Public applications for 17.7 times the shares on offer, 12,374 applications.

First day of trading

-15.9%

Opened below the offer price, closed -14.5% on day one.

About CPE Technology

CPE Technology makes precision metal parts and components using computer-controlled (CNC) machines, serving customers in the semiconductor, medical devices, and sports equipment industries across the USA, Singapore, Malaysia, Germany, Japan, and Thailand.

First-day forecast

CISCOM's forecast for CPE 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.