Malakoff sets tight price range for IPO: sources
Top end of range values the offering at RM2.74b, the largest in Malaysia in almost 3 years
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Kuala Lumpur
MALAKOFF Corporation Bhd, Malaysia's largest independent power firm, has set a tight bookbuilding range for its initial public offering, two people with direct knowledge of the process said, with solid support from domestic cornerstone investors.
The top end of the range set on Thursday values the IPO at RM2.74 billion (S$1 billion), the largest in Malaysia in almost three years. The people declined to be identified because they are not authorised to speak to the media.
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