Wednesday, June 11, 2014

Icon Offshore Berhad IPO - Oversubscribed by 9.62 times !

Icon Offshore Berhad IPO attracted a total of 27,330 applications for 374,982,400 shares from the Malaysian public, representing an oversubscription rate of 9.62 times.

A total of 11,063 applications for 134,095,600 shares were received under Bumiputera category, representing an oversubscription rate of 4.70 times.

For non-Bumiputera portion, 16,267 applications for 240,886,800 shares were received, representing an oversubscription rate of 19.46 times.

Icon Offshore Berhad is expected to be listed on the Main Board of Bursa Malaysia on 25 June 2014. The stock name is ICON.

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