Roadshow Holdings begins IPO roadshows

The multimedia arm of Hong Kong''s Kowloon Motor Bus (KMB) company has begun presentations for a domestic listing.
Lead managed by CLSA, the company began to market investors in Hong Kong on Wednesday and moves to Singapore today Friday. Institutional books will then close next Friday, after presentations in London on Monday through to Wednesday and New York mid-week.

Investors say that the deal is being pitched at a roughly 25% discount to NAV at the mid-point of its indicative range. Offering 240 million shares, Roadshow Holdings has gone out with a HK$1.69 to HK$2.55 price range, equating to a pe range of nine to 12 times 2001 earnings. Proceeds will amount to roughly HK$550 million $70.6 million at the mid-point of the range.

With...

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