KUALA LUMPUR: Cosmos Technology International Bhd
’s initial public offering (IPO) received a positive response from investors, with its public portion oversubscribed by 58.01 times.
A total of 8,328 applications for 756.74 million new shares with a value of RM264.86mil were received from the public, representing an overall oversubscription rate of 58.01 times, it said in a statement.
Cosmos is scheduled to be listed on Bursa Malaysia’s ACE Market on Oct 6.
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