ACE Market debutant TT Vision surges over 300% at opening bell

KUALA LUMPUR: The share price of TT Vision Holdings Bhd skyrocketed to RM1.49 a share at the opening bell, representing an over 300% increase from its initial public offering (IPO) price of 34 sen a share.

The manufacturer of machine vision equipment, which raised RM32.3mil from the IPO, made a public issue of 84.5 million new shares and an offer for sale of 10.5 million existing shares to selected investors by way of private placement.