KUALA LUMPUR: MTT Shipping and Logistics Bhd’s (MTTSL) initial public offering (IPO) has been oversubscribed by 2.7 times, ahead of its listing on the Main Market of Bursa Malaysia.

The company said in a statement today that it received a total of 10,863 applications for 184.79 million IPO shares valued at RM190.33 million from the Malaysian public.