KUALA LUMPUR: Oppstar Bhd, en route to list on the ACE Market of Bursa Malaysia on March 15, said its initial public offering (IPO) was oversubscribed by 77.05 times by the Malaysian public.
The integrated circuit (IC) design provider, in a statement, said the 31.81 million IPO Shares made available for application by the Malaysian public received a total of 39,103 applications for 2.48 billion shares with a value of RM1.56bil, representing an overall oversubscription rate of 77.05 times.
A total of 17,257 applications for 749.25 million IPO shares were received under the Bumiputera category, representing an oversubscription rate of 46.11 times, while 21,846 applications for 1.73 billion IPO shares were received under the other Malaysian public category, representing an oversubscription rate of 108.00 times
Oppstar noted that the 22.26 million shares for application by eligible persons were also fully subscribed.
Wow. Q3 result is a disappointing. Net profit margin dropped 20 basis points as compared with pre-ipo results Revenue barely grow and pales in comparison with 2020 and 2021 of 81% and 72% respectively. Net operating cashflow shrink as well as collection seems to be delayed for the previous quarter. Not sure this will deflate the current ipo rally.
B3. Prospects According to the Independent Market Research Report prepared by Smith Zander International Sdn Bhd (“Smith Zander”) as disclosed in the Prospectus, Smith Zander forecasts global IC design sales to increase by 2.50% from NTD5.60 trillion in 2022 to NTD5.74 trillion in 2023.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pokta
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Posted by pokta > 2023-02-23 09:04 | Report Abuse
park 1st for 15-03-23