IPO in conjunction with the listing of MSGB on the ACE Market comprising:

(I) Public Issue of 157,095,700 new ordinary shares In MSGB (“Shares”) in the following manner:

44,650,000 new Shares for application by the Malaysian public;
22,325,000 new Shares for application by eligible directors, employees and persons who have contributed to the success of MSGB and its subsidiaries;
45,470,700 new Shares by way of private placement to selected investors; and
44,650,000 new Shares by way of private placement to selected Bumiputera investors approved by the Ministry of International Trade and Industry, Malaysia (“MITI”); and
(II) Offer for sale of 71,512,300 existing Shares in the following manner:

4,537,300 existing Shares by way of private placement to selected investors; and
66,975,000 existing Shares by way of private placement to selected Bumiputera investors approved by the MITI.

https://www.bursamalaysia.com/regulation/pr...p-berhad-msgb-1

Mercury Securities signs underwriting deal with Public Investment Bank for IPO

KUALA LUMPUR: Mercury Securities Group Bhd has entered into an underwriting agreement with Public Investment Bank Bhd (PIVB) for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities.

Mercury Securities is an investment holding company and through its wholly-owned subsidiary, Mercury Securities Sdn Bhd is principally involved in the provision of stockbroking, corporate finance advisory services and other related businesses.

The IPO involves the public issue of 157.10 million new ordinary shares and an offer for sale of 71.51 million existing ordinary shares representing 17.59% and 8.01% respectively of Mercury Securities’ enlarged issued shares of 893 million ordinary shares upon its listing.

PIVB will underwrite 66.98 million issue shares made available for application by the Malaysian public and eligible persons.

“Our listing will enhance our visibility and reputation in the marketplace, and enable our directors, employees, business partners and public investors to participate in the growth and continued expansion of our business whilst increasing shareholders’ value,” Mercury Securities managing director Chew Sing Guan said in a statement.

“Our group will remain focused and committed to continually providing innovative products and solutions that create value for our customers and strive to exceed their expectations.

“To this purpose, we are committed to developing our digitalisation programme in order to innovate our products and services offerings for our customers, while we continue to automate and streamline our operations for all-round efficiency,” Chew said.



This post has been edited by ronnie: Sep 19 2023, 08:44 AM

Confirm difficult to get for sure 🤦‍♀️ will have to buy some during opening day

what's make you think so ? any insights ?

cheap ipo normally can fly...

Low offering units and low value IPO plus it is bookmaking company for IPO listing hence it will attract a lot particularly institutional investors who wants buy financial stocks other than banks as Bursa doesn’t have a lot of options for it

MERCURY SECURITIES SURE HOT IPO

Reference ....APEX SECURITIES now trading RM 1.13

Very potential Mercury Securities
huat chaii....$$$$$

This post has been edited by IPO ADDICT: Aug 25 2023, 07:40 AM

APEX share 200m only boss

I think comparable to Kenanga (800m around 90 sen) and M&A (2b around 30 sen - loss making)

60 sen no sweat

Buy Buy Buy 🔥

😏

GRAB....GRABBB $$$$$

TP RM 1.00 ++....apex securities rm 1.10 ++

25 Sen what is the PE?

Just WALLAPP $$$$$

This post has been edited by IPO ADDICT: Aug 25 2023, 04:15 PM

Hopefully can sangkut one

So fast TP out ahh?

pe 12 ..wait for final
propectus

ok I sub already.

So fast??

Others maybe next week only 😁

maybe it was too fast

Kiashu wei 🤣

no point put in early... early birds won't get first.
We all love to subscribe on last day

Hehehehe

Probably scared system offline...
Banks always create issues when we need most....