Alpha IVF targets raising RM116mil in 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.

PETALING JAYA: Alpha IVF Group Bhd aims to raise RM116.6mil from its initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia on March 22, 2024.

The fertility-care specialist’s IPO exercise entails the sale of 364.5 million new shares and 1.09 billion shares via an offer-for-sale by eight promoters. The shares are priced at 32 sen each.