Ocean Vantage Holdings IPO
Energy, Infrastructure, Equipment & Services. Offered at RM0.26 a share, listed on 22 Jul 2020.
Timeline
- Offer opens30 Jun 2020
- Offer closes9 Jul 2020
- BallotingDone
- Listed22 Jul 2020
Public applications for 15.9 times the shares on offer.
Opened above the offer price, closed +103.8% on day one.
About Ocean Vantage Holdings
Investment holding company principally involved through its subsidiaries in EPC and project management, supply of manpower, supply of materials tools and equipment, and provision of drilling rig charter services, serving the upstream oil and gas industry primarily in Malaysia.
CISCOM's forecast for Ocean Vantage 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.