Tan Cherng Thong, executive director and CEO of Go Hub (left), with David Lim, CEO of UOB Kay Hian Securities.
PETALING JAYA: ACE Market-bound Go Hub Capital Bhd’s initial public offering (IPO) has been oversubscribed by 78.71 times.
The transportation information technology solutions provider, which is set to list on July 3, 2024, said in a statement that it had received a total of 20,452 applications for 1.59 billion IPO shares worth RM557.94mil from the Malaysian public, representing an oversubscription rate of 78.71 times.
“The bumiputra portion saw 10,835 applications for 656.49 million IPO shares, with an oversubscription rate of 64.65 times.
“The public portion recorded 9,617 applications for 937.61 million IPO shares, indicating an oversubscription rate of 92.76 times.”
Meanwhile, a total of 12 million IPO shares are available for application by eligible persons were fully subscribed.
UOB Kay Hian Securities (M) Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent in conjunction with the IPO.
