99 Speed Mart Shares Surge In Malaysia's Largest IPO In Seven Years
99 Speed Mart Shares Surge In Malaysia's Largest IPO In Seven Years
Last week, 99 Speed Mart posted a significant 66.3% year-on-year increase in its second-quarter net profit, reaching RM125.5 million. Revenue also grew by 8.2% to RM2.4 billion, driven by higher sales from new stores and its expanding e-commerce platform.99 Speed Mart Retail made a strong debut on the Malaysian stock exchange on Monday, opening 12.1% higher at RM1.85 per share. This marked a successful listing for the country's largest mini-market chain, which raised RM2.36 billion ($542.8 million) in Malaysia's biggest IPO since 2017.
99 Speed Mart Retail周一在马来西亚证券交易所强劲上市，开盘上涨12.1％，至每股1.85令吉。这标志着该国最大的迷你连锁市场成功上市，该公司在马来西亚自2017年以来最大规模的首次公开募股中筹集了236令吉（5.428亿美元）。
The stock climbed as much as 14.5% to RM1.89 in early trading before slightly retreating, while the local benchmark index (.KLSE) dropped around 0.5%.
该股在早盘交易中上涨了14.5％，至1.89令吉，随后小幅回落，而当地基准指数（.KLSE）下跌约0.5％。
Founded in 1987 by Lee as a traditional sundry store, 99 Speed Mart plans to use the proceeds from its initial public offering to expand aggressively. The company aims to open 250 new stores annually until 2027, increasing its store count from 2,526 as of December 31, 2023, to around 3,000.
99 Speed Mart由Lee于1987年创立，当时是一家传统的杂货店，计划将首次公开募股的收益用于积极扩张。该公司的目标是在2027年之前每年开设250家新门店，将其门店数量从截至2023年12月31日的2526家增加到约3,000家。
Last week, 99 Speed Mart posted a significant 66.3% year-on-year increase in its second-quarter net profit, reaching RM125.5 million. Revenue also grew by 8.2% to RM2.4 billion, driven by higher sales from new stores and its expanding e-commerce platform.
上周，99 Speed Mart公布其第二季度净利润同比大幅增长66.3％，达到12550万令吉。收入也增长了8.2％，达到24令吉，这得益于新门店的销售额增加及其不断扩大的电子商务平台。
This IPO marks the largest in Malaysia since Lotte Chemical Titan Holding's listing in 2017 and Southeast Asia's biggest since Amman Mineral Internasional's IPO in Indonesia last year. With proceeds from Malaysian IPOs doubling to $1.3 billion so far in 2024, 99 Speed Mart's successful debut signals strong momentum for future listings in the country.
此次首次公开募股是自2017年乐天化学泰坦控股上市以来马来西亚最大规模的首次公开募股，也是自安曼国际矿业公司去年在印度尼西亚进行首次公开募股以来东南亚最大的首次公开募股。到2024年迄今为止，马来西亚首次公开募股的收益翻了一番，达到13亿美元，99 Speed Mart的成功首次亮相标志着该国未来上市的强劲势头。
