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Thread: Eco World IPO

  1. #1
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    Eco World IPO

    After so loooong, finally this is happening ( I was waiting since last year Q2...)

    This is the largest IPO this year, expected to raise about RM2.584bil from the issuance of 2.153 billion news shares.

    http://www.thestar.com.my/business/b...t58b-from-ipo/

    Two interesting notes:

    1) GuocoLand Limited from Singapore acquired a strategic 27% stake in Eco World's paid-up share capital. The owner of GuocolLand is Quek Leng Chan, the co-founder of Hone Leong Group.

    2) Eco World signed cornerstone placement agreements with EPF, PNB and KWAP.
    Simpletons are the majority in a society. Donít argue with them as they cannot comprehend they actually have a smaller brain sizeÖ.

  2. #2
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    When is the IPO listing?

  3. #3
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    Quote Originally Posted by Naka View Post
    When is the IPO listing?
    9 - 20 March.
    Simpletons are the majority in a society. Donít argue with them as they cannot comprehend they actually have a smaller brain sizeÖ.

  4. #4
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    Quote Originally Posted by opulant View Post
    9 - 20 march.

    ok.....tq

  5. #5
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    From the total of 2.15 billion new shares, only 0.048 billion (48 million) shares are offered to public. The rest are for institutional investors, special/designated investors, staff/board of directors.

    Let say, you wanna buy 100,000 shares, even if I assume no over-subscription, the probability is only 0.2% !!

    IPO of this profile will easily oversubscribe by 2 times or more, chances are very slim.

    Just try your luck...
    Simpletons are the majority in a society. Donít argue with them as they cannot comprehend they actually have a smaller brain sizeÖ.

  6. #6
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    Quote Originally Posted by opulant View Post
    From the total of 2.15 billion new shares, only 0.048 billion (48 million) shares are offered to public. The rest are for institutional investors, special/designated investors, staff/board of directors.

    Let say, you wanna buy 100,000 shares, even if I assume no over-subscription, the probability is only 0.2% !!

    IPO of this profile will easily oversubscribe by 2 times or more, chances are very slim.

    Just try your luck...
    Ok....tq

  7. #7
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    Eco World International IPO was oversubscribed by 8.87 times for the public portion while the institutional tranche was nine times covered..

    http://www.thestar.com.my/business/b...by-nine-times/

    Just have to keep the fingers crossed. ..
    Simpletons are the majority in a society. Donít argue with them as they cannot comprehend they actually have a smaller brain sizeÖ.

  8. #8
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    Have you got any yet?

  9. #9
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    Quote Originally Posted by Naka View Post
    Have you got any yet?
    Don't know yet.

    Listing date is 3 April.
    Simpletons are the majority in a society. Donít argue with them as they cannot comprehend they actually have a smaller brain sizeÖ.

  10. #10
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    Quote Originally Posted by opulant View Post
    Don't know yet.

    Listing date is 3 April.
    They keep changing the dates?

  11. #11
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    Quote Originally Posted by Naka View Post
    They keep changing the dates?
    No changes in dates..

    - 9 to 20 March is the dates for purchase of the IPO.
    - 3 April is the date the new stock is going to be listed in main board.

    Purchasers/subscribers of the IPO will know whether they are successful after the listing date.

    Over-subscription of 9 times is good news to create the momentum so that on the listing date, the stock price will have handsome gain vs the IPO price.
    Simpletons are the majority in a society. Donít argue with them as they cannot comprehend they actually have a smaller brain sizeÖ.

  12. #12
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    Quote Originally Posted by opulant View Post
    No changes in dates..

    - 9 to 20 March is the dates for purchase of the IPO.
    - 3 April is the date the new stock is going to be listed in main board.

    Purchasers/subscribers of the IPO will know whether they are successful after the listing date.

    Over-subscription of 9 times is good news to create the momentum so that on the listing date, the stock price will have handsome gain vs the IPO price.
    I see, thanks

  13. #13
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    you would already know by yesterday successful or not if you apply online, if you get refunded means no luck.
    Do Unto Others

    "Possessions, outward success, publicity, luxury -- to me, these have always been contemptible. I believe that a simple and unassuming manner of life is best for everyone, best for both the body and the mind." --- Albert Einstein

  14. #14
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    I don't know what is "appply online".

    I applied via ATM, no refund yet....

    Nowadays, so many things are "online". Maybe should take dinner online also....
    Simpletons are the majority in a society. Donít argue with them as they cannot comprehend they actually have a smaller brain sizeÖ.

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