KUALA LUMPUR, 19 SEPTEMBER 2023 – Mercury Securities Group Berhad (“Mercury Securities” or “Company”), debuted today on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”), opening at RM0.27 per share which represents a premium of 8% over the initial public offering (“IPO”) price of RM0.25 per share.
Mercury Securities is listed under the stock name of “MERSEC” with stock code of “0285”.
Upon its listing, the company had a market capitalisation of RM223.25mil based on the issue price of 25 sen a share, and its enlarged issued share capital of 893 million shares.
The provider of stockbroking and financial services raised a total of RM39.27mil from the IPO, of which RM26.86mil is allocated for margin financing facility services.
RM4.63mil of the proceeds will be used for working capital purposes while the remaining RM4.90mil is allocated for estimated listing expenses.
Managing Director of Mercury Securities, Mr. Chew Sing Guan said, “I would like to thank the SC and Bursa Securities for their continued stewardship of our capital market. I would also like to thank the entire Mercury Securities team and due diligence working group for their hard work to make today possible.”
Upon its listing on the ACE Market, Mercury Securities will have a market capitalisation of RM223.25 million based on the issue price of RM0.25 per share and its enlarged issued share capital of 893.00 million shares.
