Flexidynamic IPO oversubscribed by 155 times

KUALA LUMPUR (Bernama) -- Flexidynamic Holdings Bhd’s initial public offering (IPO) for the Malaysian public has been oversubscribed by 155.72 times.

In a statement, Flexidynamic said the IPO involves a public issue of 75.231 million shares at the issue price of RM0.20 per share of which 14.195 million are available for application by the Malaysian public.