Prolintas Infra Business Trust IPO
Business Trust. Offered at RM0.95 a share, listed on 25 Mar 2024.
Timeline
- Offer opens6 Mar 2024
- Offer closes12 Mar 2024
- BallotingDone
- Listed25 Mar 2024
Public applications for 3.6 times the shares on offer, 7,211 applications.
Opened at the offer price, closed +2.1% on day one.
About Prolintas Infra Business Trust
Prolintas Infra Business Trust is an Islamic business trust that owns and operates four tolled highways in the Klang Valley — AKLEH, GCE, LKSA and SILK — through concession companies with an average remaining tenure of approximately 32 years.
CISCOM's forecast for Prolintas Infra Business Trust 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.