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Thursday, 22 October 2026

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RedPlanet Jumps 47% on ACE Market Debut After RM15.2 Million IPO

RedPlanet Berhad jumped 47.4% to RM0.28 in early trading on its ACE Market debut after an IPO that raised RM15.20 million and drew strong public demand.

By Abigail Cheong4 min read

Kuala Lumpur, 22 October 2026 – RedPlanet Berhad surged on its ACE Market debut on Thursday, opening at RM0.27, 42.1% above its RM0.19 IPO price, before climbing as high as RM0.285. At 9.05am, the geospatial and intelligent rail solutions provider was trading at RM0.28, up 47.4%, with more than 25 million shares changing hands.

For investors, the strong debut follows heavy demand for RedPlanet’s transfer listing from Bursa Malaysia’s LEAP Market to the ACE Market. Its Malaysian public offering was oversubscribed 85.28 times, while the company enters the larger market with an order book of RM51.74 million spanning geospatial and intelligent rail solutions, providing revenue visibility over the next three financial years.

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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.