QUOTE(pinksapphire @ Jan 23 2014, 10:27 PM)
Ooo...I didn't know this at all!
I thought it's like...you want, you buy, you get it
So, normally people buy IPOs because the price will more or less rise, that's why people are going for it, or rather trying their luck to get as many as possible within their capabilities, betul?
Can those 'certain' racial group buy then transfer it to another person ah?

No, limited number of shares are offered to the public. If there is lots of people subscribing then, not all will get or some will get only partial to their subscription. Generally the higher number of subscription the better chance you will get at least a partial because of less subscriber at the price range. But for each subscription you have pay cash first, then if any failed, the cash will be re-credited back to your bank account in a few days. You can see the results of each IPO balloting at bursa website.
However if you are eligible for MITI and of certain racial groups, you can bypass the public balloting and subscribe under institutional portion for IPO shares. These generally have very good chance to obtain and have very high percentage of getting the shares you want.
No, you can only transfer to/from parent to child only. No transfer allowed for unrelated persons. Other arrangements (like buy/sell on your behalf) are off the books and depends on your relationship with the person, but the shares and proceeds from sale are credited in the name of the applicant, so this is risky.
Not all IPO will be sure win, but so far in Malaysia, most of them do, some have less earnings and some have more. IPO players will generally get rid of their shares within 1-2 days of the opening, to rotate money for the next IPO. If some good prospect companies they may elect to keep a small portion for long term.
This post has been edited by gark: Jan 24 2014, 10:23 AM