PETALING JAYA: ACE Market-bound Go Hub Capital Bhd’s initial public offering (IPO) has been oversubscribed by 78.71 times.
The transportation information technology solutions provider, which is set to list on July 3, 2024, said in a statement that it had received a total of 20,452 applications for 1.59 billion IPO shares worth RM557.94mil from the Malaysian public, representing an oversubscription rate of 78.71 times.
“The Bumiputera portion saw 10,835 applications for 656.49 million IPO shares, with an oversubscription rate of 64.65 times.
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