Spring Art Holdings IPO
Consumer Products & Services, Houshold Goods. Offered at RM0.25 a share, listed on 8 Nov 2019.
Timeline
- Offer opens16 Oct 2019
- Offer closes24 Oct 2019
- BallotingDone
- Listed8 Nov 2019
Public applications for 14.7 times the shares on offer.
Opened at the offer price, closed 0% on day one.
About Spring Art Holdings
Investment holding company involved through its subsidiary (Spring Art Industries Sdn Bhd) in the design, development, manufacturing, marketing and sales of ready-to-assemble furniture products including office furniture, bedroom furniture, living room furniture and other types of furniture, primarily for export…
CISCOM's forecast for Spring Art Holdings 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.