KUALA LUMPUR: Transportation information technology (IT) solutions provider Go Hub Capital Bhd has scheduled a listing on the ACE Market of Bursa Malaysia on July 3, 2024, as part of its initial public offering (IPO) with the target to raise RM37.51mil.
The company said the proceeds from the IPO will be primarily allocated for business operation expansion, development of innovative solution offerings, increasing brand visibility and customer engagement, as well as general corporate purposes.
“Applications for the IPO have opened starting at 10am yesterday, following the prospectus launch, and will close on June 20, 2024.
“At the IPO price of RM0.35 per share, Go Hub would have a market capitalisation of RM140mil ahead of its debut,” it said in a statement.
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