Meor
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$SDCG (0321.MY)$ what will be the opening price?
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Meor
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The first presidential debate between Kamala Harris and Donald Trump has concluded, and the markets seem to have declared a winner.
Following the debate, shares of $Trump Media & Technology (DJT.US)$, the owner of Truth Social, plummeted by 13% on Wednesday afternoon. Other assets linked to Trump, including Bitcoin and crypto stocks, also saw declines. Conversely, solar stocks, which are anticipated to benefit from a Harr...
Following the debate, shares of $Trump Media & Technology (DJT.US)$, the owner of Truth Social, plummeted by 13% on Wednesday afternoon. Other assets linked to Trump, including Bitcoin and crypto stocks, also saw declines. Conversely, solar stocks, which are anticipated to benefit from a Harr...
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Meor : Typically IPO premium price (or opening price) is usually the fair value of a share, SDCG was estimated RM0.60 a share, so probably between RM0.42 (10% higher than IPO) to highest possibility RM0.60
Generally it won’t be more than 20% of IPO but sometimes can be double, e.g HAWK IPO
HAWK fair value was RM0.39 but IPO was RM0.15, so they set RM0.30 as opening
Then again I might be wrong, about the premium price estimate