RedPlanet IPO advances with transfer from Bursa Malaysia LEAP to ACE Market as public tranche draws 85.28x demand

Bitget2026/10/13 09:08

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RedPlanet is transferring its listing from Bursa Malaysia’s LEAP Market to the ACE Market, alongside an IPO.
Retail tranche drew 7,031 applications for 1,772,208,600 shares against 20,540,000 available, implying 85.28x oversubscription.
Bumiputera public demand ran at 68.71x; other Malaysian public demand reached 101.85x.
Placement tranches were fully placed, including 51,185,300 shares allocated to 1,130 selected investors.
No IPO placee became a substantial shareholder; the announcement was dated Oct. 13, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RedPlanet Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3714322) on October 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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RedPlanet IPO advances with transfer from Bursa Malaysia LEAP to ACE Market as public tranche draws 85.28x demand

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