Cosmos IPO oversubscribed by 58.01 times

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.