RichTech's share price triples on ACE Market debut

From left: RichTech Digital senior independent non-executive director Koon Wan Kan, independent non-exucutive director Yeoh Jie Hu, independent non-executive director Tan Yeon Kieng, executive director Agnes Wong Eei Nien, managing director Lee Teik Keong, substantial shareholder Yau Ming Teck, independent non-executive chairman Wong Koon Wai, KAF Investment Bank Bhd co-head and corporate finance director Ahmad Fazlee Aziz and corporate finance director Yap Chin Fatt

KUALA LUMPUR: RichTech Digital Bhd's shares tripled in value as trading of the stock commenced on the ACE Market on Monday, leaping from an initial public offering (IPO) price of 25 sen a share to 75 sen.

The electronics reload and bill payment service provider, which raised RM13.67mil from an IPO, saw a flurry of buying interest from the get-go.