99 Speed Mart's IPO, Malaysia's largest in 7 years, oversubscribed 3.04 times

KUALA LUMPUR: 99 Speed Mart Retail Holdings Bhd’s initial public offering (IPO) has been oversubscribed by 3.04 times.

In a statement, the company said 49,354 applications for 678.58 million IPO shares were received, resulting in an overall oversubscription rate of 3.04 times.