The new shares represent about 26.1% of the enlarged share capital of approximately 147.5 million shares of 5E Resources, and based on the IPO price of 26 cents, the market capitalisation for the company after listing will be approximately $38.3 million.
5E Resources, Malaysia’s fifth-largest scheduled waste management services provider has launched its IPO on the SGX Catalist on Apr 29.
The IPO will consist of 38.5 million new shares at 26 cents per share, comprising two million shares in the public offer and 36.5 million placement shares. This will raise gross proceeds of approximately $10 million for 5E.
