Ace Market debut Panda Eco System saw its shares jump 81% on day one of trading opening price of RM0.29. the share was priced at RM0.16 per share.
Panda Eco System’s IPO generated significant interest, with the balloting portion for the Malaysian public oversubscribed by an exceptional 153.5 times. As a retail management solutions provider, the Group is primarily involved in the development, customisation, implementation, and integration of Retail Management Eco-system for its customers.
During the listing ceremony, Executive Director / Chief Executive Officer of Panda Eco System, Mr. Loo Chee Wee said ” We have meticulously timed this IPO to catalyse our growth trajectory. The proceeds of RM17.5 million will propel our next growth phase – enabling us to invest in research and development of new solutions, expand our market presence, and continue advancing, thereby solidifying our position as a home-grown Malaysian software company. The listing status will also elevate our brand visibility, deepening trust among potential and existing customers.
M & A Securities Sdn Bhd is the Principal Adviser, Sponsor, Sole Underwriter and Placement Agent for Panda Eco System’s IPO.
