Singapore exchange lists itself

The IPO for Singapore Exchange (SGX), the city-state''s stock and futures market, has been priced at the top end of its indicative range after better than expected institutional demand.

With books for the international offer said to have closed on Tuesday about 15 times ovesubscribed, the Merrill Lynch and DBS-led deal was priced yesterday (Wednesday) at S$1.10 per share, raising S$470 million ($269 million).

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