rates.my
Sign in
A train track curving through a landscape
Investing

ACE Market debut

Why Is RedPlanet Share Price Up as Much as 55% on Its ACE Market Debut?

RaymondRates.my2 min read

📊 Stocks in this story · tap for live chart & discussion

RedPlanet Berhad (RPLANET, 0479) moved from Bursa Malaysia’s LEAP Market to the ACE Market on Thursday. Shares opened at the 19 sen IPO price and traded as high as 29.5 sen by mid-morning, after the public portion of its IPO was oversubscribed 85.28 times.

Why is RedPlanet share price up today?

Live chart: RedPlanet (0479)
First trading day since transferring to the ACE Market.
Loading chart…
pinch to zoom · swipe to move
  • Shares touched 29.5 sen intraday, 55% above the 19 sen IPO price, before easing back (KLSE Screener, Yahoo Finance).
  • About 56 million shares changed handsby mid-morning on the stock’s first trading day (Yahoo Finance).
  • The Malaysian public tranche was oversubscribed 85.28 times, 7,031 applications for shares worth RM336.72 million (The Star, 14 Oct).
An aerial satellite-style view of a city and waterway
RedPlanet is an ICT solutions provider focused on geospatial and intelligent rail systems; it raised RM13.3 million from the IPO, mostly for business expansion. · Photo: Unsplash

Track the live price on the Bursa heat list, see what else is listing on the IPO calendar, or read this site’s coverage of another recent ACE Market debut.

What to watch

  • 11 Nov 2026SKA Capital lists on the ACE Market, the next confirmed Bursa IPO after RedPlanet, following its 27 Oct application close and 29 Oct balloting.
  • Rest of this weekHow the stock settlesonce today’s debut-day volume fades, the first real test of demand beyond the IPO allocation.
Not financial advice. This is general information on RedPlanet Berhad’s (0479) Bursa Malaysia listing and share price, as at the mid-morning of 22 October 2026, its first trading day on the ACE Market. It is not a recommendation to buy, hold or sell any shares, and Rates.my does not issue price targets or forecasts. Confirm current prices and filings with your broker before acting.

Sources

Price & volume data

News

Ready to act on this?

Track RedPlanet on the live Bursa heat list

Keep reading

InvestingNWE Resources (NWEBHD) Jumps Up to 20% on ACE Market DebutInvestingWhy Is Toyo Ventures (TOYOVEN) Trading Suspended Today?InvestingMalaysian Finance Calendar: 19–25 October 2026

💬 Market Chat

Join the discussion — share your take on this with other Rates.my readers.

💬 Discussion

Your rating:
(optional)
Loading discussion…

This article is general information, not personalised financial advice. Rates.my is not a licensed financial adviser — always verify rates with the institution and consider your own circumstances.

← All insights