SINGAPORE: The retail offering for the initial public offering (IPO) of Malaysia’s top mini-market chain 99 Speed Mart Retail Holdings has been oversubscribed by 3.04 times, the issue’s manager says.
The company is offering up to RM2.36bil worth of shares, out of which RM346.5mil was earmarked for retail investors, all priced at RM1.65 apiece, Malaysian Issuing House said in a statement.
