Bursa Malaysia connects with international investors

The Malaysian stock exchange lists itself and shows that the world loves Malaysia again.

Bursa Malaysia priced its long awaited IPO on Friday, raising Rm531.2 million $139.8 million from the sale of 166 million shares. This represents roughly 33% of the company, which has a total of 500 million shares.

The IPO was priced right at the top of the indicative range of RM2.50-RM3.20 a share and the institutional book was said to be 40 times covered. International investors took 50% of the deal and domestic investors took the other 50%. Of the domestic tranche, 20% went to domestic institutions and 30% went to domestic retail investors and employees. This tranche of the deal was priced at RM3 a share, a 6.6% discount...

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