Malaysia’s Tune Ins raises $92 million from IPO

The insurance product manager attracts strong demand for the country’s first IPO this year, while Sunway Reit raises $103 million from a follow-on offering.

Tune Ins Holdings, which is partly owned by AirAsia, has raised M$283.8 million $92 million from an initial public offering in Malaysia, after fixing the price slightly below the midpoint of the indicative range, a source said yesterday.

According to Dealogic, this is the first IPO in Malaysia this year. It comes after the country became a bright spot for IPOs last year supported by ample domestic pension money. Malaysian IPO volumes reached...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition