PETALING JAYA: MyDCD Bhd’s initial public offering (IPO) has been oversubscribed 36.46 times, attracting applications worth RM1.88 billion from the Malaysian public ahead of its listing on the ACE Market of Bursa Malaysia.
The company said it received 28,816 applications for 3.36 billion public issue shares, against the 89.7 million shares made available to Malaysian investors.
The overall oversubscription rate was 36.46 times, with the other Malaysian public portion recording a higher oversubscription rate of 48.92 times, compared with 24 times for the Bumiputera portion.
The other Malaysian public portion received 15,438 applications for 2.24 billion shares, while the Bumiputera portion attracted 13,378 applications for 1.12 billion shares.
