My E.G. IPO covered 212 times
KUALA LUMPUR: The public portion of the initial public offering (IPO) of My E.G. Services Bhd has been oversubscribed 212.59 times, Malaysian Issuing House (MIH) said.
In a statement, MIH said 17,643 applications for 213.59 million shares at an issue price of 55 sen per share were received, against the 23.50 million shares offered.
“This represented an oversubscription rate of 212.59 times,” it said. – AFX-Asia