Cloudpoint technology berhad upcoming IPO.Prce 28 sen Ace market

This post has been edited by abdrahib: Feb 8 2023, 02:21 PM

BUMP

ACE Market-bound Cloudpoint signs underwriting agreement

Cloudpoint Technology Bhd, an information technology solutions provider, said it has signed an underwriting agreement with M&A Securities Sdn Bhd in preparation for its listing on Bursa Malaysia's ACE Market.

The initial public offering (IPO) prospectus is being finalised and will be launched in the coming weeks, the group said in a statement

https://www.theedgemarkets.com/node/660299




additional info

https://elyasamircfte.com/ipo-baru-di-miti-...hnology-berhad/

Cloudpoint tiada berita apa2 lagi.

Lepas Raya 😁

Bulan puasa & minggu Raya x boleh ada IPO...
Tiada sambutan 😏

Terima kasih banyak2 nexona diatas pencerahan.

Enjoy puasa - juadah bazar Ramadan & Cuti Raya dulu.... Baru ingat pasal IPO 😁

Kumpul duit $$$ mau hentam kaw2

28c or 38c ?

Cloudpoint ipo result for miti already out.

wat is cloudpoint IPO price?

Some said initially 28 cent then increased to 38 cent.

Offered RM0.28 but increased RM0.10 to RM0.38 based on MITI offer letter.

Like tat also dowan to give chance to shareholders 10c more...

Every one wants to make money including the issuers and market makers 🤦‍♀️

Huh?
Ini mcm pun boleh kah?

Overconfident with the IPO...

haha. I'm more confident in tech sector as compared to radium and dxn but I will try my luck with 3 of them. lets see which one will sangkut. haha

Tech sector have more competitive...

Higher oversubscribed rate...

But if allocated... Better profit @ $$$ to be made 💰🤑

MITI price not final until allocated, most don't even have price yet during application period 😅

Hmmm...

This quite dangerous yo...

If pricing too high & rejected...

Kena banned for 6m period....

Discrimination to the finest 😋

I thought is moratorium only?

Don't think so...

It's like u cannot apply for next 6 month...
IC number rejected in the system 😔

Wahh semua date close with other ipo as well

need to split or pick the best of the rest

I bet on cloudpoint instead of dxn/radium. Haha. Pinjam with waifu some money try to grab as many as i can. If lucky, maybe sangkut a little.

all IPO end of the month?

Because got technology in the name

Buy Buy Buy 🤑💰

Dxn listing date 19/5
Radium listing date 31/5
Cloudpoint TBC. Maybe Early June

Yup. Technology ipo sure hot one. Plus ipo price only 38 sen. Nothing could go wrong. 100% is confirm.

Hehehe...

Previous technology stock all fly one...

Expect oversubscribed rate blasting super high 🤑💰

Rate of allotment meetee.. 41.6x. Niceee

How much per person getting??

14400

Meaning oversubscribed?

can sailang dxn+cloudpoint actually. dxn ballot on 11/5, suppose 12th can know result and get refund, only then apply for cloudpoint on 15/5 by closing time at 5pm.

What if you got all dxn? 😅

160,000,000 share up for grab in the open market.

Very confident DXN application would be failed & no allocation given 🤑😁

How sure are you gonna get refund in time 🤦‍♀️

looking at DXN giving out 1 page Colour Ads in Major Newspapers... Promoting their IPO

Probably the demand is not very encouraging

Agreed. I think Raidum is much better than DXN. Anyway, managed to get allotment thru MITI for CLOUDPOINT as well. Payment dateline is 10 MAY 2023.

Not really 160M. Only 50M for bumi and 50M for non-bumi that are available to malaysia public through balloting, unless you got connection with insiders or open to MITI then different story.
Speaking from a non-bumi standpoint, 50M allocation is not a lot. Even you are that lucky to be selected, you will only be allocated roughly 10% of what you subscribed or even less depends on the issuing house want to let more applicants get the ipo or more shares for each successful applicants.

congrats

u better take up the offer...

looks quite good company

At first, nothing is guaranteed when you applied except getting your money back eventually. Sometimes refund might delay, which happened in the past, but depends on the bank. But most of the time, the next day after balloting online banking would show result, followed by refund to you account.
I'm not saying must go all-in at every ipo, just stating the possibility to do so, if you want to increase your odd.

Already it shows ppl are not buying the story of the company is cash rich which is why relisting is suspect 🤦‍♀️

Also wasting money as who read newspapers these day 🤦‍♀️ they should spend the money instead on cyberspace rather than newspaper still old skool mentality

True also.... Have history of taking private.... As they like...

Old unker & aunties... Which is cash rich & debt free....
Since they also buys the products sold... So when see the ads... Oh need to apply the IPO 😁

The last few Bursa relisting are disappointments hence it will follow the history of another disappointment as well 🤦‍♀️

High PE valuations...

Selling vendors trying to milked the unsuspecting victims with the glowing IPO reviews 😁

These days even easier 🤦‍♀️ just paid some finfluencers to going around promote the IPO compared to old skool time when they have roadshows instead

well...

they going the traditional ways... which they know best

socmed influencers not their cup of tea

cloudpoint now available for public in m2u

ACE Market-bound Cloudpoint aims to raise RM40.4m from IPO

Cloudpoint which is an information technology (IT) solutions provider in enterprise and data centre networking, cybersecurity, cloud services and software application solutions said the demand for networking and cybersecurity solutions is set to increase further in the future.

The company said from the IPO proceeds of approximately RM40.4 million to scale and accelerate its business in the high-growth areas of cloud and cybersecurity, RM13.3 million will be used towards business expansion, including building a new security operations centre, enhancing the existing network operations centre and establishing a new public cloud infrastructure.

Meanwhile, RM15.8 million will be used towards working capital, RM7.8 million for office relocation and the remaining RM3.5 million for the listing expenses.

https://www.theedgemarkets.com/node/666138

CLOUDPOINT TECHNOLOGY BERHAD

Opening of application : 09 May 2023

Closing of application : 15 May 2023

Balloting of application : 18 May 2023

Allotment of IPO shares
to successful applicants : 25 May 2023

Tentative listing date : 29 May 2023

PE 23 is little high for me., now all the tech counter take turn to announce Q1 23 quarter result and seem not so good, or not as good as what have been estimated. share price may further down trend and industry PE may going to lower.

Who cares, buy low sell high. Opening price cheap enough 😂😂😂

Ace Market...
won't really go wrong

Not even buy 🤦‍♀️ you have to be lucky to be allocated for this IPO

buy cloud point or Edelteq?

why not both

just split your $$$

ya good idea.. rm10k each la. but end up cannot get 1 la, i have been buying ipo for 3 times since early this year, nvr success. i saw some ppl buying since last year more than 10 times oso failed.

all depends on luck...

sometimes even small amount also get allocated... meanwhile applied over 500k also failed many times

pure luck...

DXN probably very high chance of getting allocation this time

Tech sentiment kuat eh.. hoot

Buy Buy Buy 👍

Buy liao lo.. duno can sangkut or not..

If like DXN...
Sure can get.. 😁

But the possibilities is very low...

Sfp / infomina got luck
Maybe this also got le..
but jackpot tarak

Probably...

See how later 😁

Hope can get some

Cantek punya TP 🤑💰

Nice, I manage to snag some on MITI

How much u gotten??

That part also mau black out kah? 😀

Others sensitive information... Acceptable 😁

Not much lah, enough to buy some wellington beef from IKEA if hit TP

congratulations

Thank you would you be rolling for the ballot too?

can buy two portion or not brother...treat me also haha

I also want try that beef wellington.🤭
Hope to get lucky for allotment 🫡

if limit up opening can

Good luck on your ballot! so we all can celebrate with wellington this coming June

Lazy Sunday morning, login to M2U and applied for it. Hopefully can get. Last eIPO successful was only ITMAX. 2023 nothing yet.

pump in oreli lah
sikit sikit lama lama jadi gunung

Buy Buy Buy 🤑💰

Just wondering, the balloting is based on the unit range. For eg, 20000-29999. Is the same chances when I apply 20000 units same with 29999 units? If yes, the I just the lowest unit of that range?

Yup, you'll be balloting within your tier.

Some said just applied minimum of the range enough...

For me..

To be safe side...
21k

Because sometimes...
The range starts 20,100 😀

Only one TP so far

TA 0.73

whats the current sentiment now? More ppl apply cloudpoint OR edelteq? or apply which one more?

From sentiment analysis... And lurking around

More towards cloudpoint 🤑💰

Applied.

Wish all applicants here best of luck.

https://www.bursamarketplace.com/t/bdr_down...rhad-179&a=view

Applied. Amitofo, never get any ipo ballot in my life yet.

Applied

Hope for the best 🙏

Done applied.Hope got lucky to get allocation.

Close Date : 15/5 today
Balloting : 18/5
Result M2U : 19/5 after 7 pm.
Result CIMB : 18/5
Share in allotting to CDS : 25/5
Listing : 29/5

Correct me if the date is wrong.

TQ

This post has been edited by tomjason: May 15 2023, 10:13 AM

Application for this IPO closing at 5pm today, good luck for those who apply!

Now is to wait for balloting only

Expect to be high oversubscribed rate 🤑💰

result for itrade cimb usually is one day after ballot , so should be 19/5

good luck everyone !!! done applied abit also for me . Most of my fund stuck with DXN ipo so dont have much fund left to subscribe

Mine dxn got partially. Applied Cloudpoint with hope that can sangkut and cover dxn in case open red. Hahahahaa

Same here...

Really pray get Cloudpoint allocation.....

50/50 on DXN performance.... Hope don't disappoint me & others 🙏

Cloudpoint FV/TP

TA RM0.73
RHB RM0.68

few more hours to go...

don't apply very last minutes....

later if bank system offline.... don't cry baby