ListedMain Market· 5280

KIP Real Estate Investment Trust IPO

Real Estate Investment Trusts. Offered at RM1.00 a share, listed on 6 Feb 2017.

Offer price

RM1.00

Shares offered

234.2m

RM234m at offer

Market cap at listing

RM505m

Offer period

30 Dec 2016 to 16 Jan 2017

Listing date

6 Feb 2017

Principal adviser

CIMB Investment Bank Berhad

Timeline

Offer opens
30 Dec 2016
Offer closes
16 Jan 2017
Balloting
Done
Listed
6 Feb 2017

Oversubscription

5.1×

Public applications for 5.1 times the shares on offer.

First day of trading

+4%

Opened above the offer price, closed -0.5% on day one.

About KIP Real Estate Investment Trust

A real estate investment trust established in Malaysia with the principal investment policy of investing, directly and indirectly, in a portfolio of income producing Real Estate used primarily for retail purposes.

First-day forecast

CISCOM's forecast for KIP Real Estate Investment Trust 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.