IHS Chemical Week

World News and Views :: Top of the News

Petronas Chemicals Shares Soar in Trading Debut

2:07 AM MST | November 26, 2010 | Natasha Alperowicz

Shares in Petronas Chemicals Group (Kuala Lumpur) rose on its trading debut, following Malaysia's biggest initial public offering (IPO). Petronas raised $4.1 billion earlier this month, selling 31% of the chemicals group in an IPO, which valued the company at more than $13 billion. On the first day of trading the stock was selling at 5.72 ringgit, a 10% premium to the institutional price and 13.5% above the retail offer of 5.04 ringgit/share, which was in line with analysts expectations. Demand exceeded supply for the stock in Southeast Asia's largest IPO. CIBM...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa