Keppel ups support for KrisEnergy on eve of IPO launch

Upstream oil and gas company KrisEnergy will open the order books for a Singapore IPO of up to $215 million after Keppel increases its stake and agrees to participate in the $80 million cornerstone tranche.

Keppel ups support for KrisEnergy on eve of IPO launch

Oil and gas exploration and production company KrisEnergy will kick off the management roadshow today for a Singapore initial public offering of up to S$270.8 million $215 million.

The deal comes after regional markets showed signs of stabilising last week following five weeks of pretty relentless selling. The Singapore market fell another 0.3% yesterday and is still down 0.8% year-to-date, but the slight recovery last week may have helped convince the issuer to...

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