Saturday 20 Apr 2024
By
main news image

KUALA LUMPUR (June 29): Newly listed Sedania Innovator Bhd saw its share prices jump 11.84% in early trade this morning.

As much as 13.9 million shares were traded at 42.5 sen by 9.21am, making it the most actively traded stock on the bourse.

The mobile solutions services provider is listed on the ACE Market and had targeted to raise RM19.6 million from its initial public offering (IPO) of 51.5 million new shares.

As of June 22, 9 million shares for the public for 38 sen per share were oversubscribed by 20.3 times.

In a statement last week, the mobile services enabler said it received 8,103 applications for a total of 191.6 million shares equivalent to RM72.8 million in value for the 9 million shares of RM3.42 million in value allocated to public investors.

      Print
      Text Size
      Share