KUALA LUMPUR: HI Mobility Bhd
’s initial public offering (IPO) has been oversubscribed by 6.57 times, ahead of its Main Market of Bursa Malaysia Securities Bhd’s listing.
The bus service provider said it received 4,010 applications for 75.73 million issue shares valued at RM92.4mil from the Malaysian public, resulting in an overall oversubscription rate of 6.57 times.
