Didn't see any topic about this IPO on this forum. Thought I'd put this up to gain your prospective on this.

ASM Automation Group Berhad has officially announced its Initial Public Offering (IPO) as part of its listing on the ACE Market of Bursa Malaysia Securities Berhad. The IPO will consist of a total of 128,344,000 new ordinary shares in ASM, structured to cater to different investor segments.

The allocation includes 26,740,000 shares available for application by the Malaysian public, 10,696,000 shares for eligible directors, employees, and contributors to the company's success. Furthermore, 66,846,000 shares will be offered through private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry, and 24,062,000 shares will be available for selected investors.

In addition to the public issue, there will be an offer for sale of 53,477,000 existing shares via private placement to selected investors, all priced at RM0.17 per share, payable in full upon application. This strategic move is expected to enhance ASM's capital base and support its growth initiatives.

Opening of application: 29 May 2025
Closing of application: 19 Jun 2025
Balloting of application: 23 Jun 2025
Allotment of IPO shares to successful applicants: 30 Jun 2025
Tentative listing date: 02 Jul 2025

https://www.bursamalaysia.com/market_inform...?ann_id=3557957

This post has been edited by lolabunny123: Jun 16 2025, 01:45 PM

I bought small amount only hoping to goreng

Those who managed to sell when increased to 0.175 lucky abit, now flat only