99 Speed Mart IPO price fixed at RM1.65

KUALA LUMPUR: 99 Speed Mart Retail Holdings Bhd has fixed its institutional price and final retail price for its initial public offering (IPO) at RM1.65 per share.

The company said in a stock exchange filing that this was decided following the completion of the book-building process under the institutional offering on Tuesday. The retail offering also closed last Friday (Aug 23)

99 Speed Mart plans to list on the Main Market of Bursa Malaysia Securities on Sept 9, 2024.

The group is expected to have a market capitalisation of RM13.9 billion based on an enlarged issued share capital of 8.4 billion shares and an IPO price of RM1.65 per share. - Bernama