After a prolific year for initial public offerings (IPO) in 2010, the new year has gotten off to an eventful start with five IPOs so far in January, namedly Maxwell International Holdings Bhd, Asia Media Group Bhd, Benalec Holdings Bhd, K Seng Seng Corp Bhd and Tambun Indah Land Bhd.
Of the five IPOs, Benalec and K Seng Seng have fared well thus far, with premiums of 39% and 8.8%, respectively, over their offer prices. It has not been bad for the other three either, as all are still trading above their offer prices, albeit at low single-digit premiums.
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