KUALA LUMPUR -- Malaysian grocery chain 99 Speed Mart Retail Holdings plans to increase the number of stores it operates to 3,000 nationwide next year, after it made its debut on the local stock exchange on Monday in the country's largest initial public offering since 2017.
The company's shares closed at 1.88 ringgit on Monday, 13.9% higher than the IPO price of 1.65 ringgit per share. The IPO price values the company at about 14 billion ringgit ($3.2 billion).
