By Reuters Staff
2 Min Read
FILE PHOTO: An investor monitors share market prices in Kuala Lumpur, Malaysia, August 25, 2015. REUTERS/Olivia Harris./File Photo
KUALA LUMPUR (Reuters) - Shares in Malaysia’s CTOS Digital Bhd rose as high as 60% in the first minutes of its market debut on Monday.
The credit reporting firm, which launched a 1.2 billion ringgit ($285.24 million) initial public offering, opened 36% higher than its offer price of 1.10 ringgit.
It was the largest IPO in Malaysia since Mr DIY Group’s 1.5 billion ringgit debut last year.
“We will also continue to expand our product offerings and customer reach while exploring acquisitions within Malaysia and throughout the ASEAN region,” Group Chief Executive Officer Dennis Martin said in a virtual speech, referring to Southeast Asia.
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