ACE market-bound Steel Hawk’s IPO oversubscribed by 276.83 times

KUALA LUMPUR: Steel Hawk Bhd’s initial public offering (IPO) has been oversubscribed by 276.83 times ahead of its transfer of listing to the ACE Market of Bursa Malaysia Securities Bhd from the LEAP Market.

The oversubscription rate of 276.83 times ranks as the highest subscription compared to all IPOs in the past 10 years, based on information extracted from the website of Bursa Securities.