Starhub sends out RFPs for its IPO

Singapore telco shortlists banks. Is a blowout third quarter IPO on the cards?

Singapore telco, Starhub has sent out a request for proposals RFP to investment banks with a view to launching an IPO of around S$700 million $418 million during the third quarter.

The telco has looked at doing an IPO in the past, and in fact ABN AMRO and CSFB held a mandate won from a similar process three years ago. The RFP is said to have been sent to CSFB, Goldman Sachs, Merrill Lynch, UBS and ING, with a bake-off to occur by the end of the month.

ABN AMRO is not believed to have been asked to submit an RFP because it led the IPO of rival operator,...

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