July 19, 2021

The best! CTOS Digital Shows Surge At Listing Time

 CTOS Digital Bhd started an excellent performance at the beginning of the trading session on Bursa Malaysia today.

The counter jumped to a high of RM1.76, a premium of 36.4% or 40 sen from the initial public offering (IPO) price of RM1.10.

At 10.41am, the CTOS counter rose 49 sen to RM1.59 with 211.45 million shares traded, making it the most actively traded counter today.

According to the group’s CEO, Dennid Martin says that the agency’s listing has received the largest retail demand for an IPO since 2013.

The company has also secured applications worth RM1.38 billion with an oversubscription rate of 27.6 times from the retail public.

On top of those factors, Martin remains steadfast in pursuing growth prospects in the credit reporting industry and expanding its services throughout the consumer cycle.

The listing of CTOS companies on Bursa Malaysia today has involved 23 well -known investors making it the largest number of participating institutional investors.