UnrealMind IPO 66 times oversubscribed


The public portion of UnrealMind Interactive Bhd’s initial public offering (IPO) has been oversubscribed by 66.28 times.

A total of 32.080 applications for 201.836 million shares were received for the three million shares made available for public subscription at 80 sen each, Malaysian Issuing House Sdn Bhd in a statement.

Of UnrealMind’s IPO shares, two million were for eligible directors, employees and business associates, 7.5 million for private placement and three million for application by the public.

UnrealMind is seeking a listing on Bursa Malaysia’s Mesdaq Market.

In a separate statement, UnrealMind said it was tapping the capital market to raise funds to further fuel its branding exercise, For research and development (R&D), and to develop its presence in the regional markets, especially South-East Asia.