99 Speed Mart IPO - Should you subscribe?
99 Speed Mart's IPO: Worth the Investment?
The largest IPO on Bursa Malaysia in the past seven years, 99 Speed Mart is raising RM 2.4 billion, putting the company at a valuation of RM 14 billion. Founded as a single sundry store in Selangor in 1987, 99 Speed Mart Holding Berhad (KLSE: 99SMART) has grown to 2,651 outlets across Malaysia.
Priced at RM1.65 per share, the retail offering closes at 5 pm on 23 August with shares to be listed on 9 September.
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