Hibicus Petroleum IPO share price target fair value

Actually why are we asking for the target price of Hibiscus stock? Hibiscus Petroleum is the first 'Special Purpose Acquisition Company (SPAC)' in Bursa Malaysia. SPACs means they have no operations or no income-generating business. With the IPO money, they will buy other companies or business. They propose to buy oil and gas with E&P assets business.

So, tell me, how to value this company? How much will they be paying for the new business will be a major factor. It is an unknown to us.

In the Hibisbs IPO, they are also given a free warrant for each share. Expiry 3 years. Hibiscus warrant exercise price is RM0.50.

The independent directors and management also will get warrants but will be unlisted and the exercise price is RM0.10. Why don't they called it ESOS.

This is new to me and I really can't imagine the Hibisbs IPO share price fair value.

Author: Polite Market