KUALA LUMPUR, June 30 – Go Hub Capital Berhad (“Go Hub”), a leading transportation IT solutions provider in Malaysia, announced an overwhelming response to its initial public offering (IPO), with a 78.71 times oversubscription rate. Set to debut on the ACE Market of Bursa Malaysia on July 3, 2024, Go Hub allocated 107,180,000 new ordinary shares, with 20,452 applications received for 1,594,106,300 IPO shares worth RM557.94 million from the Malaysian public.
The enthusiastic investor response underscores strong market confidence in Go Hub’s strategic vision and future prospects. Executive Director and CEO Mr. Tan Cherng Thong highlighted the validation and impetus provided by this support, emphasizing Go Hub’s commitment to innovative IT solutions for public transportation. David Lim, CEO of UOB Kay Hian Securities, noted the keen investor interest in Go Hub’s robust fundamentals and growth strategies, indicating the company’s potential to significantly enhance Malaysia’s public transportation sector.
