CapitaMalls Malaysia raises $244 million from IPO

The spin-off from CapitaMalls Asia becomes the second Malaysia Reit to price in just over a week. Trading debut is scheduled for July 16.

CapitaMalls Malaysia Trust CMMT has become the second real estate investment trust Reit to price a Malaysia initial public offering in just over a week, and like Sunway Reit before it, the deal attracted robust interest from both domestic and international investors.

In light of the continued volatility in global equity markets, the buyers weren't about to pay just any price, however, and sources said price sensitivity in the order book forced the issuer to fix the institutional...

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