A little step left in this debut.
Swift Haulage's debut ended low with a drop of 7 cents or 6.8% at 96 cents while the market cap was valued at RM854.21 million.
The unified logistics service company made its debut on the main market of Bursa Malaysia on Tuesday 21 December trading at 10 cents or 9.71% at RM1.13 and an initial public offering (IPO) of RM1.03.
Its RM161.9 million IPO has made it one of the biggest IPOs of 2021 and the public issue of 157.14 million new shares and an offer for sale of 177 million existing shares including overall options.
Previously, the company stated that its IPO had attracted nine investors, namely AIA Bhd, AmFunds Management Bhd, AmIslamic Funds Management Sdn Bhd, Areca Capital Sdn Bhd as fund manager Areca Dynamic Growth Fund 10, Kenanga Investors Bhd, HSBC Global Asset Management (Hong Kong) Ltd, Nikko Asset Management Asia Ltd, UOB Asset Management (Malaysia) Bhd and Zurich Life Insurance Malaysia Bhd.
MIDF Amanah Investment Bank Bhd is the lead advisor, co-author of the book, co-author of the book, management guarantee and co-investor for the IPO.
