Pre-marketing for Malaysia's largest initial public offering in five years wraps up later this week, with Lotte Chemical Titan hoping to take advantage of improving foreign sentiment towards the country's equity markets.
In local currency terms, the company's M$5.923 billion $1.389 billion flotation will rank as Malaysia's largest since Felda Global Ventures and IHH Healthcare respectively raised M$9.9 billion and M$6.26 billion in the summer of 2012.
Later that year, a M$4.55 billion deal for Astro Malaysia Holdings amounted to $1.49 billion based on 2012 conversion rates.
The currency differential between Astro and Lotte Chemical Titan's offerings emphasises just how...
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