KUALA LUMPUR: Golden Destinations Group Bhd’s initial public offering (IPO) has been oversubscribed by 2.10 times ahead of its ACE Market debut on April 16.

In a statement, the outbound travel experience curator said it received 3,444 applications for 154.89 million shares worth about RM69.7mil from the Malaysian public, representing an oversubscription rate of 2.10 times.