PETALING JAYA: Foodie Media Bhd
's initial public offering (IPO) shares to the Malaysian public were oversubscribed by 24.63 times.
In a filing with Bursa Malaysia, the lifestyle digital media platform noted its private placement of new shares and offer for sale shares were also fully taken up.
Shares made available to directors and employees were also fully subscribed.
Foodie Media's IPO consisted of an offer for sale of 112 million shares and public issue of 138 million new shares at 30 sen a share.
