Robi Axiata, unit of Malaysia's biggest telco, surges on debut
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Dhaka
ROBI Axiata, the Bangladesh unit of Malaysia's biggest telecommunication company by revenue, surged on debut after local investors sought 5.7 times more shares than on offer at the initial public offering (IPO).
The shares rose 50 per cent to 15 taka at 10.12am, according to data on the Dhaka Stock Exchange's website. Robi, a venture between Malaysia's Axiata Group and India's Bharti Airtel, raised 5.24 billion taka (S$82 million) in the initial share sale.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
