CMA IPO price has been fixed at $2.12, which is around mid-range of 1.98-2.39. The IPO placement at Singapore was heard to be very overwhelmingly over-subscribed. Those who applied 10 lots got only 2 lots alloted. It was said that the institutional was fairly good, which is why the IPO price fixed at mid-range.
CMA public offering to public is 95 million shares thru ATM application is now open and closing on 23/11/09 12pm. Those interested can apply thru the ATM which I think will be over subscribed and balloting applies.
CMA will be the 2nd largest local listing since Singtel listing back in 1993.
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