Will you buy it or choose AXIATA???
Written by Joseph Chin
Wednesday, 28 October 2009 07:21
KUALA LUMPUR: Maxis Bhd's retail offering of 212.29 million existing shares under its initial public offer (IPO) is tentatively fixed at RM5.20 per share.
In its prospectus issued on Wednesday, Oct 28, it said the offer price was subject to a refund if the final IPO price is less than the IPO price.
It added the final IPO price will equal the lower of the IPO price of RM5.20 and 95% of the institutional price to be determined by bookbuilding.
Under the listing exercise of 2.25 billion existing shares of 10 sen each, it is offering 2.037 billion shares to Malaysian and foreign institutional and selected investors and Bumiputera investors.
Application for the offer shares under the retail offering will open at 10am today until 5pm, Nov 5.
Of the 212.295 million shares offered to the retail investors, or 2.83% it is offering 21.175 million shares (0.28%) to eligible customers, 35 million shares (0.47%) to the eligible employees, directors while 75 million shares (1%) will be offered to Bumiputera members of the public and another 75 million shares (1%) to non-Bumiputeras.
Of the 2.037 billion shares or 27.17% offered to institutions, 862.5 million shares (11.5%) are offered to approved Bumiputera investors and 1.175 billion shares (15.67%) to other investors.
Maxis also said is not issuing any new shares under the IPO and it will not receive any proceeds from the IPO.
Written by Joseph Chin
Wednesday, 28 October 2009 07:21
KUALA LUMPUR: Maxis Bhd's retail offering of 212.29 million existing shares under its initial public offer (IPO) is tentatively fixed at RM5.20 per share.
In its prospectus issued on Wednesday, Oct 28, it said the offer price was subject to a refund if the final IPO price is less than the IPO price.
It added the final IPO price will equal the lower of the IPO price of RM5.20 and 95% of the institutional price to be determined by bookbuilding.
Under the listing exercise of 2.25 billion existing shares of 10 sen each, it is offering 2.037 billion shares to Malaysian and foreign institutional and selected investors and Bumiputera investors.
Application for the offer shares under the retail offering will open at 10am today until 5pm, Nov 5.
Of the 212.295 million shares offered to the retail investors, or 2.83% it is offering 21.175 million shares (0.28%) to eligible customers, 35 million shares (0.47%) to the eligible employees, directors while 75 million shares (1%) will be offered to Bumiputera members of the public and another 75 million shares (1%) to non-Bumiputeras.
Of the 2.037 billion shares or 27.17% offered to institutions, 862.5 million shares (11.5%) are offered to approved Bumiputera investors and 1.175 billion shares (15.67%) to other investors.
Maxis also said is not issuing any new shares under the IPO and it will not receive any proceeds from the IPO.
1 comments:
Some say that it's overvalued, considering the par value of Maxis shares. However, I know that a lot of people are excited with the IPO due to the backing of the PM. Personally speaking, it may be worthwhile to hold on to the shares (if we are lucky enough!) and see how much it'll go.