More managers on Maxis

According to further information received today by FinanceAsia, two more lead managers will launch Maxis.

The mandate to lead manage Maxis's Summer IPO was complicated as FinanceAsia was informed that two more managers had been appointed. Yesterday, FinanceAsia reported (see related article) that top Malaysian mobile phone company, Maxis had mandated ABN AMRO to lead the IPO.

ABN AMRO has been very active with Maxis on several fronts, including arranging a $735 million loan which it used to buy British Telecom out of its stake. However, ING Barings also arranged this loan and is likewise mandated to lead the IPO. And in a separate pitch, Goldman Sachs is also believed to have been mandated. That takes the sum of lead managers for the IPO to three.

There will also be two domestic lead managers for the roughly $700 million IPO, which is scheduled to launch before the end of the first half.