Bursa Alert
Global Market
NewsCatcha Media shares oversubscribed 10.7 times
Page 1 of 1
Catcha Media shares oversubscribed 10.7 times
by hlk Wed 13 Jul 2011, 07:52
PETALING JAYA: Catcha Media Bhd’s initial public offering (IPO) of three million shares for the Malaysian public has been oversubscribed by 10.67 times.
Catcha Media had a total of 3,197 applications for 35 million shares from the Malaysian public for the three million issue shares available, it said in a statement yesterday.
Catcha Media founder and director Patrick Grove said he was very pleased with the “level of interest in Catcha Media by the Malaysian investing community.”
“It demonstrates a good understanding of our vision and business plans and we are looking forward with enthusiasm to taking Catcha Media moving forward as we have already done with other operations such as iProperty.”
The company, a regional leader in online media and advertising sales, intends to list on Bursa Malaysia’s ACE Market on July 22 and targets to raise RM17.25mil from its IPO exercise.
The company plans to use the majority of funds raised from its IPO as working capital and to fund its research and development in online technologies in line with the growth prospects of Internet adex space.
Last week, Star Publications (M) Bhd announced plans to buy a 4.99% stake in Catcha Media for RM4.97mil or 75 sen a share.
Catcha Media had a total of 3,197 applications for 35 million shares from the Malaysian public for the three million issue shares available, it said in a statement yesterday.
Catcha Media founder and director Patrick Grove said he was very pleased with the “level of interest in Catcha Media by the Malaysian investing community.”
“It demonstrates a good understanding of our vision and business plans and we are looking forward with enthusiasm to taking Catcha Media moving forward as we have already done with other operations such as iProperty.”
The company, a regional leader in online media and advertising sales, intends to list on Bursa Malaysia’s ACE Market on July 22 and targets to raise RM17.25mil from its IPO exercise.
The company plans to use the majority of funds raised from its IPO as working capital and to fund its research and development in online technologies in line with the growth prospects of Internet adex space.
Last week, Star Publications (M) Bhd announced plans to buy a 4.99% stake in Catcha Media for RM4.97mil or 75 sen a share.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Catcha Media’s 3m shares for public oversubscribed 10.6 times
» Prestariang's shares oversubscribed 7.1 times
» Gabungan AQRS' 18m shares oversubscribed 0.51 times
» Felda Global Ventures shares for institutions oversubscribed more than 15 times
» Justin Leong explains why he bought Catcha Media shares PDF
» Prestariang's shares oversubscribed 7.1 times
» Gabungan AQRS' 18m shares oversubscribed 0.51 times
» Felda Global Ventures shares for institutions oversubscribed more than 15 times
» Justin Leong explains why he bought Catcha Media shares PDF
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum