Another WOW again after MSM Malaysia….!!!!
Bumi Armada posted a strong listing debut at Bursa Malaysia when the share price opened at RM0.62 or 20% higher than its IPO price of RM3.03. Since then, the share price gradually moved upwards to close at its highest RM4.14, representing a surge of RM1.11 or 37% on its listing day.
The closing price RM4.14 has cheered a number of investors as this is well above most of the target price or fair value rated by the broker firms.
| IPO offer price | RM | |
| Institutional | 3.03 | |
| Retail | 3.03 | |
| First day trading price | ||
| Open price | 3.65 | 20% |
| Lowest price | 3.65 | 20% |
| Highest price | 4.14 | 37% |
| Closing price | 4.14 | 37% |
Bumi Armada first day trading – price chart
