One of the biggest listing in Bursa Malaysia for this year is the US$2bil (RM6.08bil) listing of Felda Global Ventures Holdings Bhd. The target date for listing is end of June 2012.
The third-largest oil palm plantation operator by planted area has started offering its initial public offering (IPO) shares to bumiputra investors at an indicative price of RM4.65 a share.
At an indicative price of RM4.65, the 419.5 million shares reserved for bumiputra investors, or 11.5% of the company’s capital, would be worth a total of RM1.95bil.
The listing could be one of the first after general election that are widely expected to be held in June. Analysts and investment bankers have said Malaysia’s IPO pipeline has slowed ahead of the polls because of concerns of market volatility.
CIMB Investment Bank, Maybank Investment Bank and Morgan Stanley are the joint global coordinators for Felda Global’s listing, while JPMorgan and Deutsche Bank are joint bookrunners.
If you are interested on their IPO just check with your remiser on the listing date and keep you update.