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NewsIcon IPO retail, institutional price fixed at RM1.85
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Icon IPO retail, institutional price fixed at RM1.85
by Cals Thu 12 Jun 2014, 03:04
| Icon IPO retail, institutional price fixed at RM1.85 |
| Business & Markets 2014 |
| Written by Jonathan Gan of theedgemalaysia.com |
| Wednesday, 11 June 2014 18:32 KUALA LUMPUR (June 11): Icon Offshore Bhd has announced its final retail and institutional price of RM1.85 for its initial public offering (IPO), in conjunction with its listing on the main market of Bursa Malaysia. The company said in a statement that Maybank Investment Bank Bhd had fixed the institutional and final retail price at RM 1.85 per share following completion of its book building process today. Based on RM1.85 per share, Icon’s IPO will be the largest in Malaysia thus far this year. Its RM944.9 million offering had attracted substantial interest from international and Malaysian investors alike, evidenced by its institutional book being oversubscribed by over 16 times. |
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