ListedMain Market· 5313· Shariah-compliant

Radium Development IPO

Property. Offered at RM0.50 a share, listed on 31 May 2023.

Offer price

RM0.50

Shares offered

868.0m

RM434m at offer

Market cap at listing

RM1.73bn

Offer period

27 Apr 2023 to 16 May 2023

Listing date

31 May 2023

Principal adviser

Malacca Securities Sdn Bhd

Timeline

Offer opens
27 Apr 2023
Offer closes
16 May 2023
Balloting
Done
Listed
31 May 2023

Oversubscription

1.0×

Public applications for 1.0 times the shares on offer, 10,496 applications.

First day of trading

-30%

Opened below the offer price, closed -23% on day one.

About Radium Development

Radium Development Berhad is a Kuala Lumpur-based property developer focused on competitively-priced high-rise residential properties — condominiums, serviced apartments, suite apartments, and SOHO units — all within 12 km of KLCC.

First-day forecast

CISCOM's forecast for Radium Development 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.