If u add back the "one time" IPO cost, its profit did not drop much. That is the 'normal' profit it should have made

This post has been edited by Oracles99: Mar 6 2010, 05:59 PM

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.



This post has been edited by Oracles99: Mar 6 2010, 11:02 PM