KrisEnergy prices IPO at the top amid strong demand

The upstream oil and gas company will raise $213 million ahead of its Singapore listing later this week.

KrisEnergy prices IPO at the top amid strong demand
KrisEnergy focuses on upstream oil and gas assets but is yet to turn a bottom-line profit

Southeast Asia-focused oil and gas exploration and production company KrisEnergy will raise S$270.8 million $213 million from its Singapore initial public offering after fixing the price at the top of the range.

According to a source, the IPO attracted more than institutional 100 investors, including a number of accounts that submitted their orders in the final 24 hours when it was becoming clear that this was a “hot” deal. The allocations favoured investors who...

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