ListedACE Market· 0259· Shariah-compliant

SNS Network Technology IPO

Technology Equipment. Offered at RM0.25 a share, listed on 2 Sept 2022.

Offer price

RM0.25

Shares offered

411.3m

RM103m at offer

Market cap at listing

RM403m

Offer period

27 Jul 2022 to 18 Aug 2022

Listing date

2 Sept 2022

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
27 Jul 2022
Offer closes
18 Aug 2022
Balloting
Done
Listed
2 Sept 2022

Oversubscription

7.0×

Public applications for 7.0 times the shares on offer.

First day of trading

Opened at the offer price, closed +6% on day one.

About SNS Network Technology

SNS Network is a Malaysian ICT products and services group with 24 years of operating history, primarily selling hardware, devices, and peripherals (including its house brand JOI®) alongside ICT services and solutions through physical stores, online channels, and a commercial channel.

First-day forecast

CISCOM's forecast for SNS Network Technology 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.