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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Ivan Guan is the author of the popular book "FIRE Your Retirement". He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help people achieve financial freedom. Follow his Telegram Channel to join the FIRE community.
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