[Dow Jones] Main Board bound Maxis, largest IPO in South East Asian history, may raise as much as MYR11.7 billion in proceeds based on indicative share price of MYR5.20. Final IPO price will be equal to the lower of IPO price of MYR5.20/share and 95% of institutional price to be determined by way of bookbuilding. "It will certainly be the largest IPO in Asia Pacific, certainly the largest telco IPO in the region and the largest IPO in South East Asia ever," says CIMB's group chief executive Nazir Razak, according to The Malaysian Reserve. Market capitalization at MYR5.20 would be MYR39.0 billion, positioning Maxis among top 5 largest listed companies in Malaysia in terms of market capitalization. "Funds that track the KLCI will need to include Maxis in their portfolio. This, in itself, will lend some support to share price," says one analyst. Maxis slated for listing on November 19.
Dow Jones Newswires
October 28, 2009 21:21 ET (01:21 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
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