XPB
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.20
- Day 1 open
- RM 0.215
- Day 1 close
- RM 0.225
- Current price
- RM 0.165
- Day 1 open %
- +7.5%
- Day 1 close %
- +12.5%
- Since listing
- -17.5%
- Oversubscription
- 13.55x
- Market cap
- RM 186.9 M
- Offer size
- 245.41 M
- Enlarged shares
- 934.45 M
- Float
- 26.26%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 46.72 M | 19.0% |
| Bumiputera / MITI | 116.81 M | 47.6% |
| Private placement | 63.194 M | 25.8% |
| New shares issued | 180 M | 73.3% |
| Offer for sale | 65.41 M | 26.7% |
Board context — ACE
Across 204 ACE IPOs in the database: median day-1 close +14.7% (P25 +0.0%, P75 +48.0%), median since-listing -4.3%. 74.0% closed day 1 above their IPO price.
This IPO's day-1 close of +12.5% sits at P46 of its board · This IPO's since-listing of -17.5% sits at P34 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| KJTS | 26 Jan 2024 | RM 0.27 | +85.2% | +370.4% | RM 185.8 M |
| 3REN [NS] | 06 Nov 2024 | RM 0.28 | +41.1% | +48.2% | RM 182.0 M |
| ADB [NS] | 09 May 2023 | RM 0.33 | +127.3% | +115.1% | RM 181.7 M |
| PTRB | 27 Sep 2022 | RM 0.36 | +2.8% | -20.8% | RM 192.6 M |
| NESTCON | 29 Jun 2021 | RM 0.28 | +14.3% | +12.5% | RM 180.3 M |
| SBH | 08 Apr 2024 | RM 0.22 | +15.9% | -13.6% | RM 195.4 M |
| ANEKA | 20 Oct 2020 | RM 0.33 | -12.1% | -60.6% | RM 177.6 M |
| AMS | 23 Apr 2026 | RM 0.29 | +5.2% | +56.9% | RM 177.5 M |
Audit
No audit published for this IPO.