Peoplelogy's (KLSE:PEOPLE) initial public offering (IPO) shares were oversubscribed by 1.24 times, ahead of its ACE Market listing.
The integrated people development services provider received 1,940 applications for 25.5 million issue shares from the Malaysian public, according to a Thursday prospectus filed on Bursa Malaysia.
For the Bumiputera Malaysian Public portion, the company received 878 applications for 10.1 million issue shares. For the other Malaysian public portion, a total of 71,062 applications for 15.4 million shares were received, showing an oversubscription rate of 1.50 times.
Meanwhile, 12.4 million issue shares made available for application by the eligible persons have also been fully subscribed. The Placement Agent confirmed that all 51.5 million new shares for Bumiputera investors and 20.6 million shares for selected investors have been fully taken up via private placement, it added.
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