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Thursday, June 30, 2011

CATCHA MEDIA BERHAD IPO

CATCHA MEDIA BERHAD IPO Price RM0.75

Opening of application : 30/06/2011
Closing of application or subscription : 08/07/2011
Balloting of applications : 12/07/2011
Allotment of IPO shares to successful applicants  : 19/07/2011
Tentative listing date : 22/07/2011

Issuing house MIH 522
ACE Market 

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) COMPRISING:
(I) PUBLIC ISSUE OF 23,000,000 NEW ORDINARY SHARES OF RM0.10 EACH (“SHARES”) ALLOCATED IN THE FOLLOWING MANNER:
• 20,000,000 SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS; AND
• 3,000,000 SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC
(II) OFFER FOR SALE OF UP TO 11,000,000 SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS
AT AN ISSUE PRICE/OFFER PRICE OF RM0.75 PER SHARE, PAYABLE IN FULL UPON APPLICATION.


Free Malaysia Today
June 30, 2011 KUALA LUMPUR: Catcha Media Bhd, en route for a ACE Market listing on July 22, expects to raise RM17.5 million from its initial public offering (IPO).
“We have set aside about RM13.15 million of the proceeds for working capital, RM2 million for research and development and the remaining RM2.1 million will be used to fund listing expenses,” it said in a statement today.

Catcha Media, a media owner and operator of a business magazine and online media, aims to list 23 million new ordinary shares at 75 sen per share, where three million shares have been offered to the Malaysian public and 20 million shares have been alloted for private placement.
Moving forward, Catcha Media seeks to expand by way of acquiring more representation and sales rights for local and international online properties, while leveraging its magazine publishing business to grow its online media business.

“We believe Catcha Media has very strong prospects, given its leading position in the online media industry,” said director and founder Patrick Grove.
Based on a Frost & Sullivan study, Catcha Media garnered 26.62% share of Malaysia’s online advertising market last year. - Bernama

More info on recent IPO here.
http://politemarket.blogspot.com/search/label/IPO

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