Summit Power plans first Bangladesh IPO on SGX

Dhaka-headquartered independent power producer looks to raise equity from international investors to support Bangladesh's ambitious energy expansion plans.
Summit Power International started pre-deal investor education for an initial public offering of shares on the Singapore Exchange SGX this week, paving the way for what could be the first Bangladesh company to list in the Lion City.
 
Sources familiar with the situation said the independent power producer's Reg S and 144A IPO will consist of new company shares only and could raise about $300 million. The deal will feature a 15% over-allotment option for existing shareholders to sell secondary shares if the deal is oversubscribed by a significant amount.
 
If it goes ahead, a Summit Power...
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