Topvision Eye Specialist Bhd opened six sen higher this morning. As at 9:00am traded at RM0.39, up six sen from its listing price of RM0.33 per share.

Earlier, Rakuten assigned a fair market value of RM0.42 for TopVision ahead of the eye specialist's listing transfer to Bursa's Ace market today.

TopVision has issued a total of 54,220,000 new shares to raise nearly RM17.9 million (RM17,893,000). Nearly 15.5 million, specifically 15,492,000, shares have been allocated for public investors. A total of 4.8 million (4,800,000) shares have been reserved for eligible directors, employees and those who have contributed towards the company, and the balance of 33.9 million, specifically 33,928,000, shares have been allocated for institutional and appointed investors.

The company announced on Dec 5 it has received a total of 16,671 applications for 924,756,100 issued shares, resulting in an oversubscription rate of nearly 60 (59.69) times.

Topvision is primarily involved in medical eye care services, operating through 11 ambulatory care centres (ACCs) across Malaysia, offering services ranging from general eye care to advanced vitreoretinal surgeries.