99 Speed Mart opens higher after Malaysia's biggest IPO in 7 years

99 Speed Mart opens higher after Malaysia's biggest IPO in 7 years

A logo of 99 Speed Mart, a mini-market chain retailer at one of its mini-markets at Ampang, Malaysia September 8, 2024. REUTERS/Hasnoor Hussain/ File Photo

Malaysia’s 99 Speed Mart Retail jumped as much as 16.4% in its market debut on Monday after the country’s top mini-market chain retailer raised 2.36 billion ringgit ($542.8 million) in the biggest domestic listing in seven years.