As expected, a 2.153 billion share deal for Eco World International EWI priced at the very top end of its indicative range on Tuesday, raising M$2.58 billion $580.7 million.
The deal received strong domestic support throughout its marketing period, with bankers reporting no price sensitivity in an order book that closed around nine times covered.
As a result, the deal was priced at M$1.20 per share, representing a 15.4%...