SRKK jumps 87.5% on Bursa Malaysia debut after RM24.64M IPO

What's the deal? SRKKDealroom has a profile for this one. Try Dealroom → AI Berhad made its debut on the ACE Market of Bursa Malaysia Securities, surging as much as 87.5% above its initial public offering price after raising RM24.64 million from the listing.

The numbers: The information technology consulting company opened at 60 sen, up from its IPO price of 32 sen per share. The stock later climbed to a high of 61.5 sen.

Why now? The strong opening reflects investor demand for AI-linked counters on Bursa Malaysia, where SRKK AI positions itself in the IT consulting space.

The signal: The debut adds to a run of AI-themed listings drawing appetite on regional exchanges — a sign that investors remain eager to back companies tied to the technology, even at smaller scale.

Read more: The Ledger

Image credit: thetaxhaven