Even at the bottom end of the range, this will be the second largest Singapore IPO in the past five years after Thai BeverageÆs $866 million offering in May last year, and the third largest ever if one includes SingTelÆs $1.5 billion listing in 1993. Some bankers argue that this deal is no longer a suitable benchmark, however, given it happened more than 13 years ago.
The indicative range values the Chinese shipbuilder at...
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