Vestland IPO
Construction. Offered at RM0.33 a share, listed on 31 Jan 2023.
Timeline
- Offer opens27 Dec 2022
- Offer closes16 Jan 2023
- BallotingDone
- Listed31 Jan 2023
Public applications for 18.4 times the shares on offer, 14,227 applications.
Opened above the offer price, closed +18.2% on day one.
About Vestland
Vestland Berhad is an investment holding company whose operating subsidiary, Vestland Resources, has been a building contractor since 2011 with an 11-year track record across residential, commercial, government, and industrial construction projects.
CISCOM's forecast for Vestland 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.