MOL Global prices US IPO at bottom

The online payment company owned by Vincent Tan is the first Malaysian company to list in the US, raising $169m, although this was less than hoped.

MOL Global prices US IPO at bottom

Online payment company MOL Global raised $169 million in a Nasdaq initial public offering after pricing its shares at the low end of the range, becoming the first Malaysian company to list in the US.

Market weakness dampened sentiment ahead of the company’s listing and led to a revision of the initial terms, bankers close to the deal tell FinanceAsia.

After hitting a 2014 high of 4,598 on September...

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.

Click for more on: ipo | citi | ubs | deutsche bank | tmt | malaysia | alibaba

Print Edition

FinanceAsia Print Edition

EVENTS