Over the past week, the Bursa IPO market has gained strong growth momentum, with three successful IPO debuts listed on Bursa Malaysia: UUE Holdings Berhad, Go Hub Capital, and Ocean Fresh Berhad. Most importantly, each of these IPOs achieved an incredible return of over 100%!

Ocean Fresh Bhd's $OFB 0312.MY$ share price surged nearly threefold, reaching as high as 93 sen in the first hour of trading on the ACE Market of Bursa Malaysia. The frozen seafood company opened at 85 sen, a 203.6% increase from its initial public offering (IPO) price of 28 sen.

By closing, Ocean Fresh's share price had risen 175% or 49 sen to 77 sen, giving the company a market value of RM161 million, with 113 million shares traded. Based in Pahang, Ocean Fresh processes and exports frozen seafood, serving customers in Malaysia, Turkiye, China, Thailand, Vietnam, and Japan.

Go Hub Capital Bhd $GOHUB 0311.MY$ made an impressive debut on Bursa Malaysia the day before. The information technology (IT) services provider became the third-best performing IPO of the year, after Ocean Fresh and UUE.The stock opened at RM0.80 and reached a high of RM0.99 during first day debut. Go Hub surged 171%, closing at RM0.95 on Wednesday, compared to its initial public offering (IPO) price of RM0.35 per share.

Go Hub specialises in providing enterprise IT services to the transportation sector, developing custom software systems, and integrating hardware and software for bus and rail segments.

UUE Holdings Bhd $UUE 0310.MY$ debuted on the ACE Market of Bursa Malaysia on Tuesday, closing at RM0.695, with a 190% premium of RM0.455 over its IPO price of RM0.240. The underground utilities engineering solutions provider raised RM29.98 million through a public issue of 124.9 million new ordinary shares at RM0.24 per share.

As of 4th July 2024, 20 out of 23 IPOs have shown positive returns on the first day of trading, with gains ranging from 5% up to 190%.

For those looking to dive into Bursa IPOs, there is no better time than now. Don’t wait, click here to subscribe to the latest Bursa IPOs!