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Regions :: Southeast Asia
Petronas Chemicals Raises $4.1 Billion in Southeast Asia's Biggest IPO
10:53 AM MST | November 15, 2010 | Natasha Alperowicz
Petronas Chemicals (Kuala Lumpur) says it raised 12.8 billion ringgit ($4.1 billion) after pricing its shares at the top of the projected range in Malaysia's biggest initial public offering (IPO) of shares. Petronas priced the institutional portion of the shares at 5.20 ringgit/share after attracting orders of approximately 92.6 billion ringgit, the company says. The indicative price was 4.50-5.20 ringgit/share. The retail portion was priced at 5.04 ringgit/share. CIBM (Kuala Lumpur) is the principal adviser in the IPO. Deutsche Bank and Morgan Stanley are joint...
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