Westports set to launch largest Malaysian IPO this year

The ports operator is aiming to raise up to $626 million, with more than 80% of the deal already taken up by domestic institutions and cornerstones.
Westports handles container shipments as well as conventional cargo out of Port Klang, a deep natural harbour that is the closest port to Kuala Lumpur.
Westports handles container shipments as well as conventional cargo out of Port Klang, a deep natural harbour that is the closest port to Kuala Lumpur.

Halfway into September and with economic data showing stronger-than-expected growth in China as well as in Europe and the US, the number of initial public offerings hitting the market is starting to pick up.

On Monday, Chinese online gaming company Forgame kicked off a management roadshow for an IPO of up to HK$1.72 billion $222 million, making it the third company to attempt a listing above $100 million in Hong Kong since the beginning of this month.

And, according to sources, Westports Holdings will on Thursday launch what looks set to become the largest IPO in Malaysia this year. The ports operator, which count...

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