ACE Market-bound Autocount’s IPO oversubscribed by 167 times

Autocount Dotcom Bhd aims to raise RM30.88 million from its initial public offering on Bursa Malaysia’s ACE Market on May 9, 2023.

The financial management software company said a total of 35,436 applications for 4.62 billion new shares were received from the Malaysian public under its initial public offering of 33 sen per share. As for the other Malaysian public, 22,628 applications for 3.07 billion new shares were received, representing an oversubscription rate of 222.7 times.

“Malacca Securities Sdn Bhd, as the principal adviser, sponsor, underwriter, and placement agent has confirmed that the 55.05 million new shares and 44.04 million existing shares that were made available for application by way of private placement have been fully placed out to selected investors,” it said in a statement.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

IPO momentum expected to resume, especially for ACE Market, says Bursa CEOBursa’s regulatory framework continues to offer a vibrant and supportive environment for issuers, he says.
Fonte: fmtoday - 🏆 5. / 72 Consulte Mais informação »

Radium Development to raise RM434mil via IPO en route to main market listingKUALA LUMPUR: Radium Development Bhd (Radium), a Kuala Lumpur-centric property developer, has launched its prospectus today in conjunction with its proposed May 31 listing on Bursa Malaysia’s Main Market.
Fonte: staronline - 🏆 4. / 75 Consulte Mais informação »

Singapore hikes property stamp duties to cool property marketSingapore hikes property stamp duties to cool property market FMTNews FMTBusiness
Fonte: fmtoday - 🏆 5. / 72 Consulte Mais informação »