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 from the LEAP Market.

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

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