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Evocom Opens 16.7% Below IPO Price in ACE Market Debut

Evocom opened at 15 sen, 16.67% below its 18 sen IPO price, as the e-commerce supply-chain enabler made its ACE Market debut on Bursa Malaysia.

By Abigail Cheong4 min read

Kuala Lumpur, 28 September 2026 – Evocom Berhad made a weak debut on the ACE Market of Bursa Malaysia on Monday, opening 16.67% below its initial public offering price as investors took a cautious view of the e-commerce supply-chain enabler despite healthy demand during the IPO subscription period.

The stock opened at 15 sen, compared with its IPO price of 18 sen, immediately putting the company below the valuation implied by its listing exercise.

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Author

  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.