Parkson Asia goes ahead with Singapore IPO, but cuts size

Parkson Asia, an operator of department stores in Southeast Asia, is seeking to raise up to $124 million ahead of a listing in early November.

Parkson Asia goes ahead with Singapore IPO, but cuts size

Parkson Retail Asia is pushing ahead with its initial public offering in Singapore after securing a handful of anchor orders and what sources described as a “reasonable shadow book”. However, the size of the offering has been reduced compared to earlier indications and the company is now looking to raise between S$137 million and S$157 million $108 million to $124 million.

During the investor education stage bankers talked about a deal size of about...

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  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...