There are two more IPOs available for filing in June.
Prior to an IPO, a company is private and therefore its shares are only traded by early investors. After an IPO, however, ownership of shares is opened up to the general market, so an IPO also becomes a fundraiser, an offering or an IPO.
If you are interested in buying an IPO of a company, you can do so through various online banking platforms such as Maybank2u, RHBNow, etc. If more investors buy IPO shares than the number of publicly offered shares, then the company will allocate the IPO shares by lottery.
Attention! Only Direct Account holders can purchase IPOs, those with Nominee Accounts cannot purchase IPOs. Users can only use their own names to purchase IPOs, those who use other names to purchase IPOs will be rejected.
There are two IPOs open for application in June 2022, namely ORGABIO HOLDINGS BERHAD and SENG FONG HOLDINGS BERHAD.
ORGABIO HOLDINGS BERHAD, a manufacturer of instant beverages, opened its IPO from June 15 to June 21 at RM0.31 per unit and will be listed on July 5. SENG FONG HOLDINGS BERHAD, which is engaged in the rubber processing industry, opened its IPO from June 14 to 24 at RM0.75 per unit and will be listed on July 5. RM0.75 per unit, will be listed on July 7.
* Purely for sharing, no trading advice.
