maxis-prepares-to-relist-in-malaysias-largest-ipo-ever

Maxis prepares to relist in Malaysia's largest IPO ever

Two years after being taken private, Maxis will relist the domestic portion of its business, offering investors a high-quality yield play.

The Malaysian stockmarket is getting ready for its largest initial public offering ever and it is a familiar face that will be rejoining its ranks. Just over two years after Maxis Communications MCB was privatised by its controlling shareholder, Malaysia's largest provider of mobile communication services is about to return with an IPO that looks set to raise about $3 billion.

Like most other companies that are relisted following a privatisation, however, it is a smaller and more streamlined company that is currently being pre-marketed. Most notably, the company's mobile businesses outside Malaysia -- primarily the mobile operations in India and Indonesia -- will stay with the unlisted parent company. The change is signalled by...

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