Astro sets IPO price at top end-source

Publish date: Thu, 04 Oct 2012, 10:23 AM
KUALA LUMPUR: Astro Malaysia Holdings Bhd, the country's largest pay-TV firm, has priced its initial public offering at the top of its indicative range, one source with knowledge of the deal said, to raise about US$1.5 billion in Malaysia's third-largest IPO this year.

Astro, controlled by Malaysia's second-richest man Ananda Krishnan, set the IPO price at 3 ringgit per share, the source said on early Thursday, after gauging institutional investor demand at RM2.70 to RM3.

The IPO is being handled by CIMB Group Holdings Bhd , Malayan Banking Bhd and RHB Capital Bhd . Several foreign banks are also advisers, including UBS AG, Credit Suisse Group AG, Goldman Sachs Group Inc and JPMorgan Chase and Co. - Reuters
Discussions
2 people like this. Showing 4 of 4 comments

boboijohn

Results still PENDING! Hope to get some Astro shares!

2012-10-04 20:32

hatifahs

I heard premium 20 to 50 cent

2012-10-05 07:38

mamafarah

Tak byk untung 1st day jual lah....

2012-10-05 10:57

10023333

Today results 4 astro ipo..

2012-10-06 10:07

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