ListedMain Market· 5284

Lotte Chemical Titan Holding IPO

Industrial Products & Services, Chemicals. Offered at RM8.00 a share, listed on 11 Jul 2017.

Offer price

RM8.00

Shares offered

7.40bn

RM59.24bn at offer

Market cap at listing

RM19.75bn

Offer period

16 Jun 2017 to 28 Jun 2017

Listing date

11 Jul 2017

Principal adviser

Maybank Investment Bank Berhad

Timeline

Offer opens
16 Jun 2017
Offer closes
28 Jun 2017
Balloting
Done
Listed
11 Jul 2017

Oversubscription

Undersubscribed

Public applications fell short of the shares on offer; the underwriters took up the balance.

First day of trading

-20.9%

Opened below the offer price, closed -19% on day one.

About Lotte Chemical Titan Holding

Integrated petrochemical producer with two principal product categories: polyolefins (polyethylene and polypropylene) and olefins (ethylene, propylene, and other derivatives such as butadiene, TBA, benzene and toluene).

First-day forecast

CISCOM's forecast for Lotte Chemical Titan Holding 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.