Article: 21pc of new IPOs trade below offer prices

ABOUT 21 per cent of the new listings on Bursa Malaysia Bhd this year are currrently trading below their initial public offer (IPO) prices while another 21 per cent are trading within 10 per cent of their IPO prices.

Mail Money research showed that six of the 29 new listings this year closed below their IPO prices yesterday, while another six closed within 10 per cent of their IPO prices.

Research also showed that 17 other new listings are still trading significantly above their IPO prices.

Companies trading below their IPO prices are DVM Technology Bhd, which closed at 33 sen, 7 sen below its ...

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