ACE Market-bound Synergy House IPO oversubscribed 14 times

KUALA LUMPUR: Synergy House Bhd’s public issue of 25.0 million shares made available for the Malaysian public under its initial public offering (IPO) has been oversubscribed by 14.02 times.

In a filing with Bursa Malaysia today, the cross-border e-commerce seller and furniture exporter said it received a total of 12,347 applications for 375.42 million IPO shares valued at RM161.43 million from the Malaysian public.