The IPO market in Malaysia, which was a bright spot in Asia last year supported by ample domestic pension money, is expected to remain active in 2013 based on the number of deals in the pipeline.
One of the first sizable deals expected to hit the market this year is Malakoff Corp, the largest independent power producer in Malaysia. The company is seeking to raise about $1 billion from its initial public offering, which is expected in the second quarter, a source said yesterday. CIMB, Credit Suisse, J.P. Morgan and Maybank are joint global coordinators and bookrunners for the deal. Bank of America Merrill Lynch, Deutsche Bank...
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