Shares of convenience-store chain 99 Speed Mart Retail Holdings Bhd rallied more than 14% on their first day of trading after what was Malaysia’s biggest initial public offering in seven years.

Live Mint

New Delhi

Delhi

India

Malaysian Mini-Market Chain 99 Speed Mart Jumps 14% on Debut

PETALING JAYA: Malaysia’s largest home-grown mini-market chain retailer 99 Speed Mart Retail Holdings Bhd made its debut on the Main Market today, opening at RM1.85 sen per share, 12.12% up from its initial public offering (IPO) price of RM1.65.

Media Bias/Fact Check

The Star Kuala Lumpur

Star Media Group

Malaysia

99 Speed Mart opens 12% higher on Main Market

The IPO by 99 Speed Mart raised US$531 million on its debut, making owner Lee Thiam Wah Malaysia’s newest billionaire.

Ad Fontes Media

All Sides

South China Morning Post

Alibaba Group

Hong Kong

Malaysia’s stock market hopes high after IPO mints country’s newest billionaire

HT Media

KUALA LUMPUR -- Malaysian grocery chain 99 Speed Mart Retail Holdings plans to increase the number of stores it operates to 3,000 nationwide next year

Nikkei

Nikkei, Inc.

Japan

Malaysian grocery chain eyes 3,000 stores after market debut

KUALA LUMPUR: News on the latest moves on the stock and crypto markets. Malaysia's largest IPO in 7 years, 99 Speed Mart, was the most active counter in early trade today, opening at a 12 per cent premium to its IPO price. The 30-stock index fell on Monday, mirroring the sharp losses seen on Wall Street. It was down 6 points in the first 20 minutes of trading. The index will likely range between 1,650 and 1,660 today. In the cryptocurrency marke…

New Strait Times

Media Prima

MARKET PULSE AM SEPT 9, 2024

KUALA LUMPUR -- Malaysian grocery chain 99 Speed Mart Retail Holdings plans to increase the number of stores it operates to 3,000 nationwide next year, after it made its debut on the local stock exchange on Monday in the country's largest initial public offering since 2017.
The company's shares…

Malaysian Mini-Market Chain 99 Speed Mart Jumps 14% on Debut

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