Main Market-bound Feytech IPO public portion oversubscribed

KUALA LUMPUR: Feytech Holdings Bhd has announced that the 42.16 million issue shares made available for application by the Malaysian public under its initial public offering (IPO) exercise en route to a listing on Bursa Malaysia’s Main Market on May 21, 2024, have been oversubscribed.

In a filing with Bursa Malaysia today, Tricor Investor and Issuing House Services Sdn Bhd (TIIH) said a total of 14,687 applications for 701.36 million shares with a value of RM561.09 million were received from the Malaysian public, representing an overall oversubscription rate of 15.64 times.