Titan Chemicals sets price range for IPO

Will an attractive valuation counter concerns about the petrochemicals cycle?

Titan Chemicals Corp Berhad began international roadshows yesterday May19 for a $213 million to $283 million IPO on the Kuala Lumpur Stock Exchange KLSE. The company is offering 438 million shares, equivalent to 25% of its enlarged share capital.

The retail order book will close on June 6 and the institutional order book on June 9. International and Malaysian institutions are being offered 72% of the deal subject to clawbacks and retail investors the remaining...

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