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Sunday, 18 October 2026

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RedPlanet Seeks RM13.3 Million IPO as It Moves From LEAP to ACE Market

RedPlanet Berhad is raising RM13.30 million through an IPO as it transfers from the LEAP Market to the ACE Market to support geospatial and intelligent rail expansion.

By Abigail Cheong4 min read

Kuala Lumpur, 28 September 2026 – RedPlanet Berhad has launched its prospectus for an initial public offering that will raise about RM13.30 million, as the enterprise ICT solutions provider prepares to transfer its listing from Bursa Malaysia’s LEAP Market to the ACE Market.

The IPO comprises 70 million new ordinary shares priced at RM0.19 each, giving RedPlanet an estimated market capitalisation of RM78.02 million based on an enlarged issued share capital of 410.65 million shares upon listing.

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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.