PETALING JAYA: ACE market-bound MM Computer Systems Bhd saw the retail portion of its initial public offering (IPO) oversubscribed by 42.12 times, ahead of its listing on Bursa Malaysia on June 11, 2026.
The enterprise information technology solutions provider received a total of 15,363 applications for about 1.22 billion shares from the Malaysian public for the 28.35 million shares made available under the public portion.
For the bumiputra public portion, MM Computer received an oversubscription rate of 24.81 times.
Meanwhile, for the non-bumiputra public portion, an oversubscription rate of 59.44 times was recorded. MM Computer’s listing is expected to raise gross proceeds of approximately RM26.18mil at an IPO price of 22 sen per share.
