Parkson IPO

Parkson Asia goes ahead with Singapore IPO, but cuts size

Parkson Asia, an operator of department stores in Southeast Asia, is seeking to raise up to $124 million ahead of a listing in early November.
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A Parkson department store in Kuala Lumpur (AFP) </div>
<div style="text-align:left;"> A Parkson department store in Kuala Lumpur (AFP) </div>

Parkson Retail Asia is pushing ahead with its initial public offering in Singapore after securing a handful of anchor orders and what sources described as a “reasonable shadow book”. However, the size of the offering has been reduced compared to earlier indications and the company is now looking to raise between S$137 million and S$157 million ($108 million to $124 million).

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