ListedACE Market· 0189

Matang IPO

Plantation. Offered at RM0.13 a share, listed on 17 Jan 2017.

Offer price

RM0.13

Shares offered

130.0m

RM17m at offer

Market cap at listing

RM235m

Offer period

19 Dec 2016 to 3 Jan 2017

Listing date

17 Jan 2017

Principal adviser

M&A Securities Sdn Bhd (15017-H)

Timeline

Offer opens
19 Dec 2016
Offer closes
3 Jan 2017
Balloting
Done
Listed
17 Jan 2017

Oversubscription

4.2×

Public applications for 4.2 times the shares on offer.

First day of trading

+7.7%

Opened above the offer price, closed +7.7% on day one.

About Matang

Investment holding company principally involved in the management of plantation estate, sale of fresh fruit bunches (FFB) and property investment holding, operating through subsidiaries MHB (Matang Holdings Berhad) and MRSB (Matang Realty Sdn Bhd).

First-day forecast

CISCOM's forecast for Matang 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.

Create a free account →See Pro pricing

Already a member? Open the full page.

All upcoming Malaysian IPOs IPO results by year How to apply for an IPO

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.