Maxis set for $3.3 bln IPO in Asia share sale boom

Tue Nov 10, 2009 6:23am GMT
 
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* Prices IPO at 5.0 rgt/shr vs 4.80-5.50 range - sources

* IPO comes as Asian firms rush to raise money before yr-end

* Maxis valuation seen above local peers

* Aims to list shares on Nov 19

(Recasts story, adds independent comments)

By Julie Goh and Saeed Azhar

KUALA LUMPUR/SINGAPORE, Nov 10 (Reuters) - Malaysia's biggest mobile phone operator Maxis Bhd is set to raise $3.3 billion in Southeast Asia's biggest initial public offering, as companies rush in for multi-billion dollar listings before the year ends.

Maxis, together with China Minsheng Banking Corp (600016.SS) and casino firm Sands China Ltd, will lead more than $10 billion in share sales in Asia, joining more than 30 companies planning to list in either Hong Kong or India over the next few months. [nHKG176043] [nBOM492635].   Continued...

 
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