SP Ausnet powers towards IPO

The offer for Singapore Power''s Australian subsidiary is 75% sold a week ahead of final pricing.

A week before the institutional bookbuild closes for the listing of Singapore Power's Australian subsidiary, investors have already placed orders for 75% of the stock. The shares in SP Ausnet will be priced and allocated on December 7 and, as yet, Australian institutions have yet to indicate their interest.

The dual listing in Australia and Singapore has presented the joint lead managers with some interesting bookbuild dynamics. The normal practice for IPOs in Australia is to open the books just two days before final pricing. Investors are usually reluctant to show their cards prior to this process.

But with at least 15% of the shares to...

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