Starhub launches pre-marketing

A growth story in a mature market?

Pre-marketing began yesterday September 6 for a Singapore Stock Exchange listing of the country's third and smallest cellular operator, Starhub. The deal is currently slated to raise up to S$750 million $440 million and has the standard schedule of two weeks pre-marketing followed by two weeks roadshows.

Pricing is scheduled for the week beginning October 4 and is likely to come early in the week, a couple of days ahead of IPO's for Hutchison Telecommunications International HTI and China Power. Alongside lead managers Credit Suisse First Boston and UBS, Nomura will run a POWL Public Offer Without Listing in Japan, while CLSA and UOB will be co-leads. The syndicate...

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