ListedACE Market· 0275· Shariah-compliant

Oppstar IPO

Technology, Semiconductors. Offered at RM0.63 a share, listed on 15 Mar 2023.

Offer price

RM0.63

Shares offered

165.5m

RM104m at offer

Market cap at listing

RM401m

Offer period

22 Feb 2023 to 3 Mar 2023

Listing date

15 Mar 2023

Principal adviser

Affin Hwang Investment Bank Berhad

Timeline

Offer opens
22 Feb 2023
Offer closes
3 Mar 2023
Balloting
Done
Listed
15 Mar 2023

Oversubscription

77.0×

Public applications for 77.0 times the shares on offer, 39,103 applications.

First day of trading

+225.4%

Opened above the offer price, closed +285.7% on day one.

About Oppstar

Oppstar provides integrated circuit (IC) design services covering front-end design, back-end design, and complete turnkey IC design solutions for IDMs, fabless and fab-lite semiconductor companies globally.

First-day forecast

CISCOM's forecast for Oppstar 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.