Coraza is an open-source Web Application Firewall (WAF) developed by OWASP that is designed to protect applications from a wide range of web attacks. Coraza is known for its high performance, flexibility, and ability to handle an high amount of traffic with little impact on system performance.
Coraza supports creating and enforcing custom security policies or using predefined rules like the OWASP Core Rule Set (CRS).
This makes it a versatile security tool for both small developers and large enterprises. It is also cloud-native and integrates seamlessly with various platforms, offering a secure shield against web vulnerabilities such as SQL injections, cross-site scripting (XSS), and more.
While we compare to its IPO Price of RM0.28, it has an opening price of RM0.70 and also with an increase of 150%.
Are you aware of what a RM1.40 TO Price of Coraza means? it almost likely to be the only IPO i have seen in a year or two that has come up close to this limit.
Maybe some people don't know, there are distinct differences between the limit-up and limit-down mechanism of IPO and stock. As an example, a stock that is listed on Bursa Malaysia can be as high as 30sen (Share price below the RM1) and also up to 30% (Share price above the RM1).
All IPOs that are listed in the Ace Market and the Main Board, they have a daily limit up price of 5 times the IPO price, Therefore, if the TO price of Coraza Berhad have their shares through Public IPO balloting will have a reverse rate of 400 percent from its investment.
However, some previous orders might have dropped along the line or had an increase in selling orders near to its opening which caused the theoretical opening price of Coraza to drop to RM0.70 from the first TO range.
Despite the fact it is still a win for those who were successfully allocated with Coraza shares.
.png)
.jfif)
0 Comments