BUMP   

Bursa approves integrated circuit design provider Oppstar for ACE-Market listing

Its IPO exercise comprises a public issue of 165.48 million new shares, representing approximately 26.0% of its enlarged issued share capital. From the new shares, 31.81 million shares will be made available for application by the Malaysian public, while 22.26 million shares will be made available for application by the eligible directors, employees and business associates who have contributed to the success of the group.

Another 31.88 million shares will be made available through private placement to selected investors, with the remaining 79.52 million shares will be made available through private placement to identified Bumiputera investors approved by the Ministry of International Trade and Industry of Malaysia.

https://www.theedgemarkets.com/node/650455
FINALLY
THEY PICKED BURSA MALAYSIA LISTING   

well only time would tell...

needed to see pricing of the IPO too...

when this new IPO will start launch ?

KUALA LUMPUR: ACE Market-bound Oppstar Bhd has inked an underwriting agreement with Affin Hwang Investment Bnk Bhd in conjunction with its initial public offering (IPO).

The integrated circuit design service provider said its IPO involves a public issue of 165.48 million new shares or 26% of its enlarged issued share capital of 636.2 million shars upon listing.

Of the shares, 31.81 million will be made available for application by the Malaysian public.

The company will also make available 22.27 million shares for application by eligible directors, employees and business associates who have contributed to the success of the group.

Via private placement, 31.88 million shares will be allocated to selected investors and 79.53 million shares to indentified Bumiputera investors approved by the Ministry of International Trade and Industry.

"The signing of the underwriting agreement symbolises a significant milestone for Oppstar as it brings us one step closer to being a listed entity.

"The IPO will provide funding for our expansion and enable the public to participate in the Group’s growth. We aim to increase our presence in the IC design industry in the region and create a greater impact on the semiconductor supply chain," said Oppstar executive director and CEO Ng Meng Thai in a statement.

when this ipo gonna be out for public?.. got any dates?

Apa itu 4.2% .Normal interest ke?

Hmmm....many got to bang  head on the wall didn't apply cape emas since Mercury gave much better TP/ Fair Value than Oppstar...yess infact this cape ems is got much better prospect / potential $$$$$ than oppstar...that's why got much higher TP

Mercury Securities values Main Market-bound Cape EMS at RM1.53 (70% )
Surin Murugiah
/
theedgemarkets.com

February 21, 2023 08:29 am +08

While the same MERCURY  Securities give
OPPSTAR MERELY 93 SEN ( 47 % ).....TP

see which is much better ?....
proven its CAPE EMS -  ANOTHER  " NATIOGATE "  $$$$$

Nice numbers 👍

Lower even better...
More chance

yes.
after failed previously

Hi Nexona;

I don't have any TP, but will be more than happy if open above RM1.

Will let go to cash back capital & let the bonus shares run for sometime if price is good.

Will grab some from the open market if price is still tempting or below IPO.

Anyway, keep our fingers crossed dapat allocation dulu.

I can grab more if open at 70sen. Hope you are right.

Else even if strike IPO, allocation pun tak sampai 100K shares I think.

Cuma boleh minum soup kosong saja, soup kambing pun tak ada.

I would say X50 oversubs since the failed from cape ems will jump ship to oppstar.. furthermore got ppl also salary masuk on 31th/1st hahaha baru ada bullet to buy

Probably opens above 60c and move forward towards 70c???

will open at 88cts and move to rm1. 68

kisah benar

Tiger full auto reverse my Cape only yesterday.

My theory was right, plus FOMO situation in IPO buying nowadays…

Anyone has a guess on what is the first day opening price?

Try with more money
More money means higher chance

i always subscribe in the 200k or 500k bands bro
success rates always around 15-20% but nvr get anything 

Fundermentally OPPSTAR IS MUCH BETTER THAN Cape EMS
The black market price now around RM 1.50

Can't rule out this OPPSTAR TO BE ANOTHER CHAMPION in addition to TTVISION
Meaning another. LIMIT UP....$$$$$

hmmm....Hatyai  Connection  NOT Batu Cave...

Well...Baby....a very Good Question...!

Based on fantastic showing by Cape EMS even during bad market sentimen today which saw Dow Jone collapsed nearly  600 & denting Local sentiment Ex PM Moideen corruption / Money laundering court cases  , .Hmmm... this  Oppstar to be a super star IPO....another Champion IPO in addition to that  TT VISION which LIMITED UP 400 %....

Most likely this Darling TECH  IPO Oppstar to open at RM 2.50 , then gradually hit limit up  RM 3.15..@ 63 sen x 5...

bookmark the date...

hopefully it's good opening....

and market is green all the way...