ACE Market-bound Alpha IVF to raise RM466.5mil from IPO

Alpha IVF non-independent executive director and managing director Datuk Dr Colin Lee Soon Soo (fifth from left) with other members of the board, and representatives from AmInvestment Bank at the launch of the IPO prospectus

KUALA LUMPUR: Alpha IVF Group Bhd aims to raise RM466.5mil from its initial public offering (IPO) en route to its listing on the ACE Market of Bursa Malaysia on March 22, 2024.

The fertility care specialist's IPO exercise entails 1.46 billion shares in the company priced at 32 sen per share, comprising 364.5 million new shares and 1.09 billion offer-for-sale shares from eight offerors.