Roadshow Holdings begins IPO roadshows

The multimedia arm of Hong Kong''s Kowloon Motor Bus (KMB) company has begun presentations for a domestic listing.

Lead managed by CLSA, the company began to market investors in Hong Kong on Wednesday and moves to Singapore today Friday. Institutional books will then close next Friday, after presentations in London on Monday through to Wednesday and New York mid-week.

Investors say that the deal is being pitched at a roughly 25% discount to NAV at the mid-point of its indicative range. Offering 240 million shares, Roadshow Holdings has gone out with a HK$1.69 to...

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