logo
Dollar Store to Boost Malaysian IPOs With Year's Biggest Listing

Dollar Store to Boost Malaysian IPOs With Year's Biggest Listing

Bloomberg22-05-2025
Discount-chain Eco-Shop Marketing Bhd. debuts in Malaysia on Friday in a listing that's set to create a billionaire after the nation's biggest initial public offering of the year.
Eco-Shop, which sells household items at a fixed price of 2.60 ringgit ($0.60), raised 974 million ringgit in an offering that valued the company at about $1.5 billion. That's the most since an IPO by 99 Speed Mart Retail Holdings Bhd. in September.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ambiq Announces Closing of its Upsized Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares
Ambiq Announces Closing of its Upsized Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares

Yahoo

timean hour ago

  • Yahoo

Ambiq Announces Closing of its Upsized Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares

Ambiq Upsized Initial Public Offering AUSTIN, Texas, July 31, 2025 (GLOBE NEWSWIRE) -- Ambiq Micro, Inc. ('Ambiq'), a technology leader in ultra-low-power semiconductor solutions for edge AI, today announced the closing of its upsized initial public offering of 4,600,000 shares of its common stock, including the full exercise of the underwriters' option to purchase 600,000 additional shares, at a public offering price of $24.00 per share. The gross proceeds to Ambiq from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Ambiq, were $110.4 million. The shares began trading on the New York Stock Exchange under the ticker symbol 'AMBQ' on July 30, 2025. BofA Securities and UBS Investment Bank acted as joint lead book-running managers for the offering. Needham & Company and Stifel acted as joint book-running managers for the offering. A registration statement relating to the offering of securities was declared effective by the U.S. Securities and Exchange Commission on July 29, 2025. The offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained by contacting: BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, or by email at or UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, New York 10019, by telephone at (888) 827-7275 or by emailing ol-prospectus-request@ This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Ambiq Ambiq's mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. Ambiq enables its customers to deliver AI compute at the edge where power consumption challenges are the most severe. Ambiq's technology innovations, built on the patented and proprietary subthreshold power optimized technology (SPOT®), fundamentally deliver a multi-fold improvement in power consumption over traditional semiconductor designs. Ambiq has powered over 270 million devices to date. Contact IRShelton Groupsheltonir@ 972-239-5119 PRCharlene Wan VP of Corporate Marketingcwan@ A photo accompanying this announcement is available at

Figma stock soars 250% in first day of trading, valuing company north of $45 billion
Figma stock soars 250% in first day of trading, valuing company north of $45 billion

Yahoo

timean hour ago

  • Yahoo

Figma stock soars 250% in first day of trading, valuing company north of $45 billion

After opening for trade just before 2:00 p.m. ET on Thursday at $85 per share, Figma (FIG) closed its first day of trading above $117 on Thursday, rising more than 250% from where the design and collaboration software firm priced its initial public offering at $33 per share. At the close of trading on Thursday, the company was worth more than $45 billion. Shares were halted multiple times due to volatility. The company's IPO process, including both where it priced the debut and how shares traded at the open, showed demand remains strong for new issues; Figma priced its IPO above expectations for a range of $30-$32. The company raised roughly $1.2 billion in a sale of 36.94 million shares, split between the company's sale of 12.47 million shares and existing shareholders' sale of 24.46 million shares. Figma, helmed by CEO Dylan Field, is set to be the latest indicator of an IPO market that has been strong in 2025, with tech darlings like Circle (CRCL) and CoreWeave (CRWV) seeing shares soar after public debuts earlier this year. Figma's IPO comes after the company abandoned plans to sell itself to digital software giant Adobe (ADBE) in 2023 for $20 billion after European regulators raised anti-competition concerns about the merger between two digital design giants. The company's IPO plans have been closely watched on Wall Street. The Street's $30-$32 pricing expectations, which Figma has now exceeded, were already a raise from the company's own prediction of a $25-$28 pricing. The tech company follows in the footsteps of Circle, which saw shares rise 168% from its IPO price on its first day of trading. Circle is now up more than 510% since its open in June. Fellow IPO darling CoreWeave, which notched only a marginal gain on its first trading session, is up more than 160% since its March debut. Figma's revenue has grown by 46% year over year. More than three-quarters of Forbes 2000 companies use the design software maker's products, according to Figma's offering documents. The success of IPOs like Circle has pushed the market back toward the year of dealmaking Wall Street M&A bankers had been calling for until that was thwarted by a widespread market freeze following tariff uncertainty in April. The Renaissance IPO Index, run by IPO data firm Renaissance Capital and tracking public offering performance, came back after an "April freefall" to deliver an "explosive rally to end [Q2] up 20%, outperforming the S&P 500 (+11%)," according to the firm's Q2 quarterly review. Jake Conley is a breaking news reporter covering US equities for Yahoo Finance. Follow him on X at @byjakeconley or email him at

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store