Well Chip Group Bhd (Ticker: WELLCHIP MK) is a retail company operating in the jewelry and pawn shop industry. Well Chip Group Bhd will list on July 23, 2024, in Malaysia on Bursa Malaysia. The firm is selling 150 million shares at the price of MYR 1.15. The expected market capitalization at offer is MYR 690 million (USD 146.35 million). The total offer size is MYR 172.5 million (USD 36.59 million).

Of the proceeds, MYR 124.3 million (72%) will be allocated as cash capital for its pawnshops, MYR 40 million (23.2%) for seven new pawnshops, and the balance of MYR 8.2 million (4.8%) to defray listing expenses. The offering is managed by CGS International Securities Malaysia and Kenanga Investment Bank Bhd.