A Towering Success

KLCC Property Holdings prices Malaysia''s biggest IPO of the year.

After a two-week book building period and a one-week global road show, the IPO for KLCC Property Holdings of Malaysia priced over the weekend. Books closed at 5pm on Friday evening and the deal was priced the following morning. CIMB was sole bookrunner on the deal and CLSA was international financial adviser.

At RM1.80 a share, the institutional portion of the deal priced close to the top of the initial range of RM1.50-RM1.90 the...

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