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Workmates Core2Cloud IPO sees massive 141x oversubscription driven by strong investor interest
Workmates Core2Cloud’s IPO reached 141x oversubscription in three days, reflecting exceptional institutional and retail demand for cloud-infrastructure companies.
Workmates Core2Cloud’s IPO recorded extraordinary market interest with a 141 times oversubscription within three days, reflecting intense demand from institutional buyers and retail investors. Analysts said the firm’s cloud-infrastructure positioning, recurring revenue models, and enterprise customer growth contributed to the aggressive response. The SME offering witnessed particularly strong participation from non-institutional bidders, signaling growing appetite for digital-first infrastructure companies.
Market observers noted that the subscription figures place this listing among the most successful SME IPOs of the year, underscoring robust sentiment toward cloud and managed-service providers.