Southeast Asia-focused oil and gas exploration and production company KrisEnergy will raise S$270.8 million $213 million from its Singapore initial public offering after fixing the price at the top of the range.
According to a source, the IPO attracted more than institutional 100 investors, including a number of accounts that submitted their orders in the final 24 hours when it was becoming clear that this was a “hot” deal. The allocations favoured investors who had shown interest in the company during the pre-marketing and roadshow, however, and the source said quite a few accounts received no shares at all.
There was also a lot of demand...
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