Oppstar IPO oversubscribed by 77 times

PETALING JAYA: Oppstar Bhd, which is en route to a listing on Bursa Malaysia’s ACE Market on March 15, 2023, saw its initial public offering (IPO) oversubscribed by 77.05 times by the Malaysian public.

The integrated circuit (IC) design services and turnkey solutions provider said of the 31.81 million IPO shares made available to the Malaysian public, it had received 39,103 applications for 2.48 billion shares with a value of RM1.56bil.