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Thread: Lotte Chemical IPO

  1. #1
    Join Date
    Nov 2016
    Location
    豐平峽
    Posts
    769

    Lotte Chemical IPO

    The local institutional funds were prepared to take up the Lotte Chemical shares at the initial price of RM8 but the foreign funds were not keen on that price. Hence, the IPO price was repriced from RM8 to RM6.50 on Monday. At this price, the Lotte Chemical will raise about RM4bil from the IPO and have a market capitalisation of RM15billion.

    By now, if you received the refund of RM1.50 per share in your account, this means you have been successfully allotted the IPO share. You have a choice to sell back the share at RM6.50 to the Company (they are obliged to buy from you within the 1st 5 trading days at RM6.50)... or keep the shares and wait for price appreciation and sell in the open market..

    At RM6.50 starting price, I'm positive...

    All eyes are on next Tuesday…..
    Chinese tea is good, lager beer is better, 香檳 is the best..

  2. #2
    Join Date
    Nov 2016
    Location
    豐平峽
    Posts
    769
    Closing today at 6.38..

    Not a good debut...
    Chinese tea is good, lager beer is better, 香檳 is the best..

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