Bursa Malaysia IPO: trading on reform

IPO offers investors exposure to upside promised by capital markets reform.

Bursa Malaysia began roadshows yesterday February 17 for a $110 million to $140 million IPO via CIMB and UBS. The exchange is offering 166 million new shares on a price range of M$2.50 to M$3.20, with retail investors paying the lesser of M$3, or a 3% discount to the institutional price.

The deal has a split of 116.9 million shares in the institutional tranche and 49.1 million shares in the retail tranche. Specialists estimate that the institutional tranche will have a 70%30% split in favour of international investors.

The public offering will run from February 23 to March 3, with pricing scheduled for the same...

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222