KUALA LUMPUR: ACE Market-bound Richtech Digital Bhd’s initial public offering (IPO) has been oversubscribed by 245.42 times.
The electronic reloads distributor and bill payment service provider, in a statement, said that it received 24,237 applications for 2.49 billion shares worth RM623.63mil from the Malaysian public, resulting in an oversubscription rate of 245.42 times.
