Parkson Asia prices $109 million Singapore IPO

The department store operator attracts high-quality, but price-sensitive, demand, while Zhong Da Mining decides to halt its pre-marketing efforts after just three days.

Parkson Asia prices $109 million Singapore IPO

Parkson Retail Asia is set to raise S$138.2 million $109 million from its Singapore initial public offering after fixing the price just above the bottom of the range. The company, which is an operator of department stores in Malaysia, Vietnam and Indonesia, still has to complete the retail offering, but with the institutional portion multiple times covered, that won’t have any impact on the overall deal size.

According to a source, approximately 65 investors participated...

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