ListedMain Market· 5315· Shariah-compliant

Skyworld Development IPO

Property. Offered at RM0.80 a share, listed on 10 Jul 2023.

Offer price

RM0.80

Shares offered

400.0m

RM320m at offer

Market cap at listing

RM800m

Offer period

20 Jun 2023 to 27 Jun 2023

Listing date

10 Jul 2023

Principal adviser

Kenanga Investment Bank Berhad

Timeline

Offer opens
20 Jun 2023
Offer closes
27 Jun 2023
Balloting
Done
Listed
10 Jul 2023

Oversubscription

0.2×

Public applications for 0.2 times the shares on offer, 3,378 applications.

First day of trading

Opened at the offer price, closed -7.5% on day one.

About Skyworld Development

SkyWorld Development Berhad builds and sells high-rise homes and commercial properties almost entirely within Kuala Lumpur. 05 billion and sold 98% of all units launched.

First-day forecast

CISCOM's forecast for Skyworld 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.