Discount Store Founder Becomes Newest Malaysian Billionaire As Shares Surge On Market Debut

Dollar store jumps on debut, minting a new Malaysian billionaire

Shares of discount-chain Eco-Shop Marketing Bhd. gained on their debut on Friday as Malaysia’s biggest initial public offering of the year created a billionaire. The stock jumped as much as 10.6% in early trading, before paring its advance. 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 Spee…

Malaysian retailer Eco-Shop rises over 10% in market debut after $91m IPO

KUALA LUMPUR -- Malaysia's leading fixed-price retail chain Eco-Shop debuted on Bursa Malaysia on Friday at 1.25 ringgit per share, up 10.6% from its

Discount Store Founder Becomes Newest Malaysian Billionaire As Shares Surge On Market Debut

The company raised 974 million ringgit ($229 million) by selling 347 million new shares to retail investors and 515 million existing shares to institutional investors at 1.13 ringgit each.

New Malaysian billionaire set to emerge from dollar store chain Eco-Shop’s IPO

Eco-Shop, which has more than 350 outlets across Malaysia, is on track for the country’s biggest IPO in 2025. Read more at straitstimes.com.

Dollar-Store Billionaire Poised to Emerge From Malaysia IPO

A discount chain with signature red storefronts has drawn legions of Malaysians looking for good deals — and made its founder a billionaire.

Eco-Shop jumps on debut, minting a new Malaysian billionaire

Shares of discount-chain Eco-Shop Marketing gained on their debut on Friday (May 23) as Malaysia’s biggest initial public offering of the year created a billionaire.