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Article: 21pc of new IPOs trade below offer prices
- Article from:
- The Malay Mail
- Article date:
- May 14, 2004
- Author:
CopyrightCopyright 2004 The Malay Mail. Provided by ProQuest LLC. (Hide copyright information)
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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 ...