Nirvana, Momo kick off IPO roadshows

The funeral services provider and social networking website have each secured cornerstone investors ahead of their formal roadshows.

A Malaysian death care firm and a Chinese social networking website are among the Asian initial public offerings pencilled to come to market this month amid a flurry of pre-Christmas activity.

An unusual pairing at the best of times, Nirvana Funeral Services and Momo Technology separately opened their books on Tuesday.

Nirvana, a Malaysian funeral services provider, is seeking to raise up to $300 million in Hong Kong under the leads of CIMB, UBS and DBS. It set an indicative price range of between HK$3.00 and HK$3.38 per unit late Monday, which means the company is being marketed at 17.8 times to 20.1...

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