The public tranche of entertainment company GHY Culture & Media Holding Co’s IPO has been 16 times subscribed, with just over 48 million shares vying for three million shares allocated.

The institutional tranche of 18.7 million shares, meanwhile, was more than eight times covered. On aggregate, the offer was 9.6 times covered across these two tranches.

The shares are offered at 66 cents each. Besides these two tranches, the company has sold nearly $107.4 million worth of shares to cornerstone investors including the likes of Osim founder Ron Sim.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook