CTOS DIGITAL MAKES STRONG DEBUT WITH 36.4 PCT PREMIUM
KUALA LUMPUR, July 19 -- CTOS Digital Bhd made a strong debut on Bursa Malaysia’s Main Market at RM1.50, fetching a premium of 36.4 per cent or 40 sen from its issue price of RM1.10.
At the opening bell, the counter saw 13.69 million shares changing hands.
The credit reporting agency’s listing received the largest retail demand for an initial public offering (IPO) since 2013, attracting RM1.38 billion worth of applications with 27.6 times oversubscription rate from the retail public, group chief executive officer Dennis Martin said during a virtual IPO listing today.
“This tremendous support motivates us to continue our growth trajectory in the credit reporting industry. We will stay true to our ethos of extending our services for the entire consumer lifecycle to major corporations and SMEs, as well as individuals on the street.
“Going forward, we will continue to expand our product offerings and customer reach organically and through acquisitions in the ASEAN region,” he said.
Martin said while growing its track record, the company would also remain committed in balancing sustainable growth and rewarding shareholders.
CTOS Digital dividend policy of 60 per cent PATAMI showcases this pledge.
The listing of the company today received the largest number of institutional investors participating today with a record 23 renowned cornerstone investors on-board.
As at 10.41am, shares of CTOS jumped 49 sen to RM1.59, with 211.45 million shares transacted.
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