Go Hub Capital Bhd ($GOHUB (0311.MY)$) rose 175.71% in its initial public offering (IPO) on Bursa Malaysia Securities Berhad's ACE Market today raising RM37.5 million.
Go Hub opened at 80 sen per share on a volume of 16.09 million shares versus its IPO price of 35 sen before climbing as high as 85 sen.
At 9.50am, the counter reached a high of 0.865 sen before tapering down to 0.86 sen with a trading volume of 780 580 000 shares traded.
Earlier, Bursa Malaysia Securities Berhad announced that its company's share allocation to the Malaysian public from its initial public offering has been oversubscribed by 78.71 times.
The Company received a total of 20,452 applications for 1,594,106,300 IPO Shares worth RM557.94 million from the Malaysian public, representing an oversubscription rate of 78.71 times.
Tan Cherng Thong, Executive Director and CEO of Go Hub earlier said, "The exceptional response to our IPO underscores the market's confidence in Go Hub's business and future prospects. This overwhelming investor enthusiasm in the IPO and our Company is a strong testament to our strategic vision. It serves as both validation of our beliefs and a powerful impetus, fortifying our commitment to delivering innovative and pioneering IT solutions for public transportation.
Having established a strong market presence in the rail, bus, terminals and our recent expansion into the ferry sector this year, Go Hub is well-positioned to drive growth and improve the public transportation systems across Malaysia. The positive reception from investors highlights the market's trust in Go Hub's capabilities and its dedication to advancing transportation technology."
UOB Kay Hian Securities (M) Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter and Placement Agent in conjunction with the IPO.
Go Hub Capital Bhd ($GOHUB (0311.MY)$)今天在马来西亚证券交易所证券有限公司的ACE市场的首次公开募股(IPO)中上涨了175.71%,筹集了3,750万令吉。
Go Hub以每股80仙开盘,成交量为1,609万股,而其首次公开募股价格为35仙然后攀升至85仙的高位。
上午9点50分,该股触及0.865仙的高点,然后逐渐跌至0.86仙的高点,交易量为78058万股。
此前,马来西亚证券交易所宣布,其公司从首次公开募股中向马来西亚公众分配的股票已被超额认购78.71倍。
该公司共收到来自马来西亚公众的20,452份价值5.5794亿令吉的1594,106,300股首次公开募股的申请,超额认购率为78.71倍。
Go Hub执行董事兼首席执行官陈成通早些时候表示:“我们对首次公开募股的特殊反应凸显了市场对Go Hub业务和未来前景的信心。投资者对首次公开募股和我们公司的压倒性热情有力地证明了我们的战略愿景。它既证实了我们的信念,又是强大的动力,坚定了我们为公共交通提供创新和开创性IT解决方案的承诺。
Go Hub在铁路、公共汽车、码头建立了强大的市场占有率,而且我们最近在今年扩展到了渡轮行业,因此处于有利地位,可以推动增长和改善马来西亚的公共交通系统。投资者的积极欢迎凸显了市场对Go Hub能力的信任及其对推进交通技术的承诺。”
大华继显证券 (M) Sdn.Bhd. 是首次公开募股的首席顾问、保荐人、承销商和配售代理人。