LGMS IPO
Technology, Digital Services. Offered at RM0.50 a share, listed on 8 Jun 2022.
Timeline
- Offer opens20 May 2022
- Offer closes26 May 2022
- BallotingDone
- Listed8 Jun 2022
Public applications for 25.4 times the shares on offer, 10,050 applications.
Opened above the offer price, closed +69% on day one.
About LGMS
LGMS Berhad is an independent professional cybersecurity services provider operating primarily in Malaysia since 2005, offering cybersecurity assessment and penetration testing, cyber risk management and compliance, and digital forensics and incident response services.
CISCOM's forecast for LGMS 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.