Yes, this is the largest public offering in the history for Malaysia as far as an IPO is concerned.Maxis Bhd’s initial public offering (IPO) will see the sale of 2.25 billion Maxis shares equivalent to 30 per cent of the company to new investors with an indicative offer price of RM5.20 per share.
“This is by far the largest public offering the country has ever seen,” said chief executive of CIMB Group, Datuk Nazir Razak, in a statement released during Maxis’ prospectus launch here today.
CIMB Investment Bank Bhd, Goldman Sachs and Credit Suisse are joint global coordinators for the IPO.
Based on current time-lines, the pricing for the IPO is expected to be concluded by Nov 10 and Maxis is expected to be listed on the Main Market of Bursa Securities on Nov 19.
At listing, it is envisaged that Binariang GSM Sdn Bhd through Maxis Communications Bhd will effectively own 70 per cent of Maxis, the statement added.
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