RedPlanet IPO advances with transfer from Bursa Malaysia LEAP to ACE Market as public tranche draws 85.28x demand
RedPlanet is transferring its listing from Bursa Malaysia’s LEAP Market to the ACE Market, alongside an IPO. Retail tranche drew 7,031 applications for 1,772,208,600 shares against 20,540,000 available, implying 85.28x oversubscription. Bumiputera public demand ran at 68.71x; other Malaysian public demand reached 101.8