PETALING JAYA: Sunway Healthcare Holdings Bhd’s (SHH) initial public offering (IPO) has attracted strong demand from retail investors, with the public portion oversubscribed by 5.57 times ahead of its listing on Bursa Malaysia’s Main Market.
According to Malaysian Issuing House Sdn Bhd, which handled the balloting process, the retail offering involved 230 million new shares made available to the Malaysian public.
A total of 77,236 applications were received for about 1.51 billion shares. The bumiputra public portion recorded 9,972 applications for 202.7 million shares, representing an oversubscription rate of 0.76 times.
Meanwhile, the other Malaysian public category saw stronger demand, with 67,264 applications for 1.31 billion shares, translating to an oversubscription rate of 10.37 times. SHH has fixed both the institutional and retail price at RM1.45 per share.
