Masterskill IPO draws strong interest despite deteriorating markets

The Malaysian operator of nursing schools prices at the top and upsizes in full for a total deal size of $243 million.

Malaysia's largest private-sector operator of nursing schools, Masterskill Education Group, has raised M$779 million $243 million in Malaysia's largest initial public offering so far this year. In completing the deal, Masterskill has shrugged off the deteriorating market conditions and rising risk awareness that have forced several other IPO candidates to either cancel or downsize this week.

In sharp contrast to those war stories, Masterskill attracted a strong book of international investors that included specialist education funds and global funds as...

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