ListedACE Market· 0197· Shariah-compliant

Wegmans Holdings IPO

Consumer Products & Services, Houshold Goods. Offered at RM0.29 a share, listed on 6 Mar 2018.

Offer price

RM0.29

Shares offered

150.0m

RM44m at offer

Market cap at listing

RM145m

Offer period

13 Feb 2018 to 22 Feb 2018

Listing date

6 Mar 2018

Principal adviser

RHB Investment Bank Berhad

Timeline

Offer opens
13 Feb 2018
Offer closes
22 Feb 2018
Balloting
Done
Listed
6 Mar 2018

Oversubscription

16.4×

Public applications for 16.4 times the shares on offer.

First day of trading

+5.2%

Opened above the offer price, closed +1.7% on day one.

About Wegmans Holdings

Home furniture manufacturer principally involved in design, manufacture and sale of home furniture products including bedroom, dining room and living room furniture. Products are mainly exported to 14 countries.

First-day forecast

CISCOM's forecast for Wegmans 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.