LMA prices Singapore's largest IPO of year

First med tech company comes to Singapore.

Medical devices company LMA Laryngeal Mask Airways priced its IPO just above the mid-point of the range on Friday March 11 raising S$286 million $175 million post greenshoe via Credit Suisse First Boston and DBS.

The deal was marketed on a range of S$0.78 to S$0.95 and priced at S$0.88. Institutional books are said to have closed 14 times covered and retail books eight times covered, with an allocation split 90%10% in favour of institutions.

The order book was fairly concentrated, with 80% of the deal going to roughly 40 investors, of which 40% were from Asia, 40% from the US and 20% from Europe....

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