ACE Market-bound SSF Home's IPO oversubscribed 8.25 times

KUALA LUMPUR: SSF Home Group Bhd has garnered significant interest from investors for its initial public offering (IPO), which has been oversubscribed by 8.25 times ahead of its listing on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement today, the home furniture and home living products retailer said it received a total of 5,348 applications for 370,044,200 shares with a value of approximately RM92.5 million for the 40 million shares allocated to the Malaysian public, representing an oversubscription rate of 8.25 times.