ACE market bound Volcano IPO oversubscribed

KUALA LUMPUR (Bernama) -- Volcano Bhd, which is slated to be listed on the ACE Market of Bursa Malaysia on April 6, 2021, saw its initial public offering (IPO) for the public portion oversubscribed by 176.6 times.

The nameplates and plastic injection moulded parts manufacturer said in a statement today that for the upcoming IPO, a total of 23,838 applications for about 1.46 billion new shares with a value of RM512.82mil were received from the Malaysian public.