Cuckoo International (MAL) Berhad is set to debut on Bursa Malaysia’s Main Market, aiming to raise approximately RM185 million. This IPO presents an exciting opportunity for investors looking to be part of the fast-growing home appliance and wellness industry in Malaysia and beyond.
IPO Details
Under the retail tranche, 28.66 million new shares will be available for public subscription through balloting, while 14.33 million shares are allocated to eligible persons. The institutional tranche involves 222.08 million existing shares and 100.3 million new shares for Malaysian and foreign institutional investors through bookbuilding.
Utilization of IPO ProceedsThe funds raised will be allocated as follows:
- 56.7% for product purchases to expand Cuckoo’s rental business
- 21.6% for repayment of bank borrowings
- The remainder will be used for:Opening BrandshopsUpgrading IT systemsExpansion into SingaporeCovering listing expenses
Maximize Your Investment with IPO Financing
Investors looking to increase their IPO allocation can take advantage of IPO financing. This allows you to apply for more shares than you could otherwise afford with your available capital, potentially maximizing your allocation and returns.
How IPO Financing Works
- Select the IPO – Choose the IPO you wish to apply for, in this case, Cuckoo International.
- Balloting & Allocation – If successful, you receive the allocated shares, which you can hold or sell post-listing for potential gains.
- Repayment – Settle the financing amount based on the agreed terms.
Apply for Cuckoo International IPO with M+ Global?
1. Download M+ Global APP
2. Register using my Invitation Code: UBZQ
3. Waiting for the confirmation
