Yes, I agree with you.

The IPOs change a lot today.

It is more of spreading the risks ( transferring risks to small fish ) as the business worldwide is at great uncertainty and facing fierce competition . Of course , it is hidden under " Fund Raising " Objective. It is more like someone is buying an insurance policy, with no " intention " to claim but likely in future.

On the other hand, listed companies with good cash piles , more and more are taken into private ( relevant to dividend  investors like you )

" TOO BIG TO FAIL " is likely to fail in next crisis.

Breaking up of very large Corprations  into smaller units would also  lower the risks in time to come. The old school of thought of  " Specialisation" i.e doing what you are really good at is making a come back.

The recent changes ( more to come ) to banking rules that  make Banks more difficult to own Banking, Insurance and Broking Business under one entity , unless you have very huge Paid up Capital to support. So breaking up could be another good option.

Could be more IPOs  coming the way.

Just my personal opinion

that's why I sold off Maxis not long ago, cause I finally figure out that they are sort of using this relisting for their own benefit. Better late than never maybe.

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Added on March 6, 2010, 11:09 am
I don't think so....just trading sideways, my opinion. You holding-kah?
By the way, Proton, is the Maybank 0.1% still on after March?

I am glad you do that.

My intention is create some awareness among the small fish like us.

Never my intention to cause any sell downs of Maxis , if any.

With due respect to Maxis shareholders.

Small fish always on the losing side. It is fact that we have to accept 

Same goes to other counters not only Maxis

Good news for RCECAP!!!!

No commercial bank access into civil servant mart

THE government has no plans to let commercial banks enter the lucrative civil servant loans market, Second Finance Minister Datuk Seri Ahmad Husni Mohamad Hanadzlah said.

"No, we have not discussed that at all. It's not on our agenda at all," Husni said in Kelana Jaya yesterday, when asked if the government would consider such plan.

A news report last year said a number of commercial banks are planning to break into the market of lending to government employees after being allowed to make automatic salary deductions. The report did not name the banks or where it got the information from.

At present, only credit cooperatives and a number of government-owned financial institutions are provided with the special codes that allow these salary deductions. The ability to deduct loans repayment from the salary makes this business profitable for banks because the risk of bad debts are much lower

Just to enlighten you that in many developed markets.

Big fish could  holds 20% and control, the rest 80% belongs  to smaller  fish (  through unit trusts and so on ).

Again , that 20% could belongs to a family as a whole.

Another way of spreading the risks, if you want to call it.

It ends up , CEO is very powerful person, for good or for bad.

So come monday, do we see more red in Maxis?  :

that's why I sold off Maxis not long ago, cause I finally figure out that they are sort of using this relisting for their own benefit. Better late than never maybe.

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Added on March 6, 2010, 11:09 am
I don't think so....just trading sideways, my opinion. You holding-kah?
By the way, Proton, is the Maybank 0.1% still on after March?

IPOs are indeed fund raising exercise for the majority shareholders. If listing in the stock market is not fund raising, then what is for?
To share their spoilts with everybody? Even cash-rich Genting M is meant for the controlling shareholder to do RPT.
You can see a long line of IPOs down the road. Investors apply for IPOs thinking that it is priced below market price and hence they can profit, that's all.
Unfortunately, those days are already long gone.Now IPOs are priced at market price. So, better think twice before applying.