On 27 April 2023, Radium Development Bhd (Radium) issued its IPO Prospectus (Part 1 and Part 2) and extended an invitation to subscribe its shares at 50 sen a share. Source: Page 11 of Radium’s IPO Prospectus Upon listing, Radium’s market capitalisation would be lifted up to as high as RM 1.73 billion. The IPO subscription will end on 16 May 2023 & its listing date is set to be on 31 May 2023. Here, I’ll summarise 7 things to know before subscribing to its shares. These are as follows:

#1 Corporate Profile

Radium is a developer of high-rise properties in Kuala Lumpur. The properties it develops would include condominiums, apartments, and SOHO units. Presently, Radium has 4 completed projects, 4 ongoing projects and 1 land held for future development. Their details are as follows:

1. Completed Projects

2. Ongoing Projects

3. Land bank

Radium has a 5.31-acre leasehold land located at Kuala Lumpur which is held to be developed into a condominium and Residensi Wilayah (Refer Point 4 below)....