KUALA LUMPUR: Data centre engineering services provider MyDCD Bhd expects to raise RM187.6 million from its initial public offering (IPO) ahead of its listing on Bursa Malaysia's ACE Market on Nov 17.
The company today launched its IPO prospectus, offering shares at 56 sen apiece, with the listing expected to give it a market capitalisation of about RM1 billion.
The IPO comprises a public issue of 335 million new shares to raise RM187.6 million for the company and an offer for sale of 145 million existing shares through private placement, expected to raise RM81.2 million for the selling shareholders.
Of the proceeds from the public issue, RM134 million will be used for working capital, primarily to support project execution and fund performance bonds.
