Summary
- Shares opened at RM1.96, up 145%.
- IPO raised RM285 million.
- Funds to expand manufacturing and R&D.
- Company specialises in semiconductor automation.
GEORGE TOWN, August 3 — Stratus Global Holdings Berhad made a strong debut on the Main Market of Bursa Malaysia, with its shares opening at RM1.96, a 145% premium.
Over its RM0.80 initial public offering price. The semiconductor automation specialist raised RM285 million through its IPO. The proceeds will fund the expansion of its Penang manufacturing facility.
Overseas business growth, research and development, and working capital. Stratus Global provides automated material handling systems (AMHS).
For semiconductor manufacturers and has been serving the industry for 28 years.
