Malaysian IPO beat Chinese rivals to our Deal of the Year award 2009

Maxis's $3.3 billion IPO returned the company's domestic mobile business to the market as a high-yielding index play two years after the privatisation of Maxis Communications.

As we noted in our write-up of the 2009 Deal of the Year award, it had been a long time since a Southeast Asian initial public offering stood out to the extent that it was able to compete with the top new listings out of China. But the listing of Malaysian mobile operator Maxis Berhad did.

In that sense, our decision to hand this deal our top award last year wasn't so much a conscious effort to shift the attention away from China and back towards the Southeast Asian tiger economies of the 1990s, as a recognition of a deal well done. Although, some observers, including Credit Suisse's Helman Sitohang in his view point piece...

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