Surprise placement in Starhub

Strategic investor divests stake ahead of expected end of lock-up.

Singapore's MediaCorp sold a 6% stake in local triple-play telecom operator Starhub yesterday October 6. Originally no deal had been expected until at least October 12, as this is when a 12-month lock-up expires following the group's IPO last autumn.

However, lead managers Credit Suisse First Boston and UBS successfully sought a waiver in order to get a deal out before the stock came under short selling pressure from investors expecting an equity placement....

To continue reading, please login or register for free

Click for more on: surprise | placement | starhub

Print Edition

FinanceAsia Print Edition

CONFERENCES