Mercury Securities Group Berhad's IPO Shares Oversubscribed By 45.45 Times
Mercury Securities' IPO comprising the following:
- Mercury Securities' IPO comprising the following:
(i) public issue of 157,095,700 new ordinary shares in Mercury Securities ("Share(s)"), at an issue price of RM0.25 per Share, representing 17.59% of the enlarged issued Shares of Mercury Securities; and
(ii) offer for sale of 71,512,300 existing Shares at an offer price of RM0.25 per Share, representing 8.01% of the enlarged issued Shares of Mercury Securities. - For the public portion, 7,957 applications for 1,508,338,900 Issue Shares were received, which represents an oversubscription rate of 66.56 times.
- For the Bumiputera public portion, 4,969 applications for 565,774,500 Issue Shares were received, representing an oversubscription rate of 24.34 times.
- Managing Director of Mercury Securities, Mr. Chew Sing Guan said, "We are deeply grateful for the enthusiastic response we've received from investors for our IPO.