Oppstar IPO oversubscribed by 77.05 times

KUALA LUMPUR: Oppstar Bhd, en route to list on the ACE Market of Bursa Malaysia on March 15, said its initial public offering (IPO) was oversubscribed by 77.05 times by the Malaysian public.

The integrated circuit (IC) design provider, in a statement, said the 31.81 million IPO Shares made available for application by the Malaysian public received a total of 39,103 applications for 2.48 billion shares with a value of RM1.56bil, representing an overall oversubscription rate of 77.05 times.