Bursa Malaysia priced its long awaited IPO on Friday, raising Rm531.2 million $139.8 million from the sale of 166 million shares. This represents roughly 33% of the company, which has a total of 500 million shares.
The IPO was priced right at the top of the indicative range of RM2.50-RM3.20 a share and the institutional book was said to be 40 times covered. International investors took 50% of the deal and domestic investors took the other 50%. Of the domestic tranche, 20% went to domestic institutions and 30% went to domestic retail investors and employees. This tranche of the deal was priced at RM3 a share, a 6.6% discount...
