No time for Time

InvestorsÆ lacklustre reaction to the IPO of Time dotCom is a reflection as much on Malaysia Inc as the stock.

If stock exchanges are the opinion polls of economic policies, then major IPOs are the general elections of finance. When a major initial public offer IPO is launched, both domestic and foreign investors are given the opportunity to put up or shut up. In the case of Time dotComs IPO in Malaysia, investors have voiced their opinion. And for the Malaysian government it can scarcely be said to be positive.

The IPO of Time dotCom was designed to raise cash to pay down some of its M$5 billion $1.32 billion debt pile. However, only 25% of the deal was subscribed. If you exclude the stock that was privately placed, the amount...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222