KUALA LUMPUR: Public space networked systems provider ITMax System Bhd
’s initial public offering (IPO) has been oversubscribed by 18.2 times.
The Main Market-bound company said that for the 20.56 million shares available to the Malaysian public, it received 11,354 applications for 394.78 million shares valued at RM422.42mil.
“For the bumiputra portion, a total of 5,867 applications for 125.61 million issue shares were received, representing an oversubscription rate of 11.22 times.
“For the public portion, a total of 5,487 applications for 269.17 million issue shares were received, representing an oversubscription rate of 25.18 times,” it said in a statement.
ITMAX System said the notice of allotment would be despatched to all successful applicants on or before Dec 12, 2022. — Bernama
