UUE Holdings IPO
Construction. Offered at RM0.24 a share, listed on 2 Jul 2024.
Timeline
- Offer opens28 May 2024
- Offer closes18 Jun 2024
- BallotingDone
- Listed2 Jul 2024
Public applications for 103.8 times the shares on offer, 25,019 applications.
Opened above the offer price, closed +189.5% on day one.
About UUE Holdings
UUE Holdings is an investment holding company whose subsidiaries provide underground utilities engineering solutions in Malaysia and Singapore, specialising in the Horizontal Directional Drilling (HDD) method of laying pipes alongside open cut and micro trenching methods.
CISCOM's forecast for UUE 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.