No time for Time

InvestorsÆ lacklustre reaction to the IPO of Time dotCom is a reflection as much on Malaysia Inc as the stock.

If stock exchanges are the opinion polls of economic policies, then major IPOs are the general elections of finance. When a major initial public offer IPO is launched, both domestic and foreign investors are given the opportunity to put up or shut up. In the case of Time dotComs IPO in Malaysia, investors have voiced their opinion. And for the Malaysian government it can scarcely be said to be positive.

The IPO of Time dotCom was...

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