That's just the par value. Google for more info as there is a hefty explanation.

Eh only 22% subscription of Bumi shares...

Hmmm no other popular IPO coming soon?

He meant "Old" = "Lama" and "town" = "bandar"

Overseas = laut sebelah

PetronasChemicals to list at 15x PER is too expensive for a chemical only company unless they have a very generous dividend policy.

Can't say for sure. I'm thinking maybe they want to follow Maxis style and go for IPO above the RM3 range. FYI Maxis was RM5.00 listing price but public get discount 5% so public only pay RM4.75/share.

1st you need a CDS account. 2nd a bank account in Maybank/CIMB or bank that has ATM IPO application. 3rd money in account to apply for the number of shares in the IPO. You can apply manually as well by taking the form from the underwriters, fill in the form, get a bankers cheque, post it to the mailbox. But most efficient is still the ATM or online banking.

In normal circumstances, IPO normally quite active in trade for the first few days. So can go up or down depending on the mood of the market. If market collapse, IPO or not it will follow the market downwards. No guarantee IPO 1st few days will go up so no point asking this.

If you are interested in Petronas Chemical IPO, you better go and apply for CDS account 1st thing tomorrow because it takes time to approve. Then when you get your CDS number, you can apply from the ATM following the instructions.

Wah 20% chance for 10k above shares is quite good. Maybe not as popular?