ListedMain Market· 5318· Shariah-compliant

DXN Holdings IPO

Consumer Products & Services, Retailers. Offered at RM0.76 a share, listed on 19 May 2023.

Offer price

RM0.76

Shares offered

932.7m

RM709m at offer

Market cap at listing

RM3.79bn

Offer period

28 Apr 2023 to 9 May 2023

Listing date

19 May 2023

Principal adviser

Maybank Investment Bank Berhad

Timeline

Offer opens
28 Apr 2023
Offer closes
9 May 2023
Balloting
Done
Listed
19 May 2023

Oversubscription

3.2×

Public applications for 3.2 times the shares on offer, 12,146 applications.

First day of trading

-9.2%

Opened below the offer price, closed -12.5% on day one.

About DXN Holdings

DXN Holdings is a Malaysian company that makes and sells health and wellness products, including Ganoderma mushroom supplements, coffee drinks, skincare and personal care items.

First-day forecast

CISCOM's forecast for DXN 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.