Vetece’s IPO oversubscribed by 187.41 times


KUALA LUMPUR: Enterprise information technology (IT) solutions provider, Vetece Holdings Bhd’s initial public offering (IPO) has been oversubscribed by 187.41 times.

The company received a total of 31,054 applicants for 3.69 billion shares, valued at RM923.23mil, for the 19.6 million shares allocated to the Malaysian public. This represents an oversubscription rate of 187.41 times.

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