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Malaysia's first listed pawnbroker Pappajack enjoys strong IPO debut

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Kuala Lumpur

MALAYSIAN pawnshop operator Pappajack made a strong debut on the ACE market of Bursa Malaysia on Friday (Apr 1) amid active trade, with its shares rising to as much as RM0.40 during the day, a third higher than its initial public offering (IPO) price of RM0.30.

The counter opened at RM0.39, with a total of 202.3 million shares changing hands before closing at RM0.395 - a rise of 31.7 per cent. It was the most actively traded stock across the stock exchange.

Pappajack - the first licensed...

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