Eco World IPO

[opulant]

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.

[Naka]

When is the IPO listing?

[opulant]

When is the IPO listing?

9 - 20 March.

[Naka]

9 - 20 march.

ok.....tq

[opulant]

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...

[Naka]

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

[opulant]

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. ..

[Naka]

Have you got any yet?

[opulant]

Have you got any yet?

Don't know yet.

Listing date is 3 April.

[Naka]

Don't know yet.

Listing date is 3 April.

They keep changing the dates?

[opulant]

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.

[Naka]

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

[clfoo]

you would already know by yesterday successful or not if you apply online, if you get refunded means no luck.

[opulant]

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....