PETALING JAYA: Agmo Holdings Bhd’s initial public offering (IPO) received an overwhelming response from investors, with its public portion oversubscribed by 120.15 times.
With an IPO price of 26 sen per share, the application for the public portion amounted to nearly RM512mil.
“A total of 5,309 applications for 585.39 million new shares were received under the bumiputra category, representing an oversubscription rate of 71.05 times.
“Meanwhile, 8,968 applications for 1.38 billion new shares were received under the public category, representing an oversubscription rate of 169.25 times,” it said in a statement.