Kuala Lumpur, Malaysia – Astro Malaysia Holdings Berhad (Astro Malaysia) has listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) under the “Trading/Services” sector.

The market capitalisation of Astro Malaysia, based on the initial public offering (IPO) price of RM3.00 per share, was RM15.6 billion. Total amount of funds raised is approximately RM4.6 billion, of which the amount raised by the company is RM1.4 billion.

Total demand for the institutional offering book was over 30 times the number of shares available in the book. The retail offering also attracted a significant volume of interest, with more than 57,000 applications for approximately 735.9 million shares received from the Malaysian public for the approximately 103.9 million shares available for public subscription, representing an oversubscription rate of 6.08 times.

According to Malaysia’s The Star, analysts say that while market interest has been great, the company’s share price performance on the first day of the offering has been slow.