Nay! AAX IPO Shareholders Can't Fly!

Will this Red Plane Fly?

The much touted listing and opening of AAX after the big hoo-ha since 2012 went flat on opening day.

After a IPO price review to RM 1.25 sen per share and with an over-subscribed scenario, AAX disappointed everyone, I am sure.

Opening flat at the IPO price of RM 1.25, it hovered unpleasantly long at RM 1.26 before stabilising at RM 1.27. Then it managed to find traction at RM 1.28.

Will it go further with better digestion in the next few hours to go on this trading day?

That we have yet to see.