PETALING JAYA: Topvision Eye Specialist Bhd
’s initial public offering (IPO) has attracted strong demand, ahead of the transfer of listing status from the LEAP Market to the ACE Market of Bursa Malaysia.
The Malaysian public tranche of the IPO, involving 15.49 million issue shares, was oversubscribed by 58.69 times.
A total of 16,671 applications for 924.76 million issue shares with a value of RM305.17mil were received from the Malaysian public, TopVision said in a statement.
“For the bumiputra portion, a total of 8,210 applications for 381.75 million issue shares were received, which represents an oversubscription rate of 48.28 times.
“For the public portion, a total of 8,461 applications for 543 million issue shares were received, which represents an oversubscription rate of 69.10 times.
“Meanwhile, 4.8 million issue shares made available for application by the eligible directors, employees and persons who have contributed to the group’s success have also been fully subscribed,” it said.
