Offshore supply vessel operator ICON Offshore has begun investor education for a M$944.9 million $295 million initial public offering of shares just as the plantation arm of Boustead Holdings wraps up pre-marketing for a M$1.1 billion $324 million deal.
Both Malaysian flotations hope to catch a positive tail wind from last week's successful completion of a M$732 million $227 million IPO for the Malaysian 7-Eleven franchise. Like 7-Eleven Malaysia, the two new deals are both heavily skewed towards the domestic market, with little paper on offer for foreign institutions. Both deals will price mid-June and should list by the end of the month.
ICON Offshore, Malaysia’s...
¬ Haymarket Media Limited. All rights reserved.
