KUALA LUMPUR: MTT Shipping and Logistics Bhd opened at RM1.08 in its Main Market debut on Bursa Malaysia today, five sen above its initial public offering (IPO) price of RM1.03.

The company raised RM652.5 million from its IPO, of which RM624.7 million is allocated for the purchase of at least 12 container vessels over the next three years following its listing.