One of 2002's most exciting IPOs will, it seems, come from Malaysia. Not only that, but it will come from a sector that was an international punchbag until recently - namely mobile telephony.
The company in question is Maxis, which has mandated ABN AMRO to take it public. It is reckoned that a deal will be launched by the Summer.
Maxis is the market leader in the Malaysian mobile scene with around 2.3 million subscribers and a roughly 30% market share. It is owned by Ananda Krishnan, and is viewed by analysts as a proxy for a recovering Malaysia, run along internationally acceptable corporate governance lines.
The deal will probably have a dual listing...
