Insight Analytics soars 72% above IPO price

From left: Charlene Bong, Promoter and Chief Operating Officer, Insights Analytics; Gary Ting, Head of Corporate Finance, M & A Securities; Prof Loo Chu Kiong, Independent Director, Insights Analytics; Fong Tshu Kwong @ Fong Tshun Kwong, Independent Director; Frank Wee, Managing Director; Datuk Abdul Wahab Aziz, Chairman; Bong Joon Fook, Executive Director; Helen Tan Miang Kieng, Independent Director; and Datuk Bill Tan, Managing Director of M & A Equity Holdings

KUALA LUMPUR: Insights Analytics Bhd made its debut on the ACE Market at a 72% premium over its initial public offering (IPO) price as the technology solutions provider said it planned to ride on rising demand for smart water management systems and the accelerating digital transformation agenda.

At 9am, shares in the Sarawak-based firm crossed at 62 sen, a leap up from its IPO price of 36 sen after 33.46 million shares traded.