oversubscribed

MKH Oil Palm IPO oversubscribed

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[ PETALING JAYA: MKH Oil Palm (East Kalimantan) Bhd’s (MKHOP) initial public offering (IPO) has been oversubscribed by 8.4 times ahead of its listing on the Main Market of Bursa Malaysia. The group’s IPO involves the issuance of 220 million new ordinary shares in MKHOP at an issue price of 62 sen per share. This … Read more

Reddit soars 48 per cent in debut as AI pitch gets warm reception

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[ Reddit Inc. shares soared 48% above their initial public offering price, as investors embraced the social media company’s vision of profiting from the growth of artificial intelligence.The San Francisco-based company’s stock closed at $50.44 each on Thursday in New York, a day after the company and some of its shareholders raised $748 million in … Read more