99 speed Mart launches RM2.36bil IPO, Malaysia's largest in 7 years


KUALA LUMPUR: Malaysia's top mini-market chain retailer 99 speed Mart Retail Holdings on Thursday launched an initial public offering (IPO) that would raise RM2.36bil, the country's biggest IPO in seven years.

The company is offering up to 1.43 billion shares priced at RM1.65 apiece, according to its prospectus released Thursday, confirming an earlier report by Reuters on the listing.

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