Westports mandates banks, adds to Malaysia IPO pipeline
Westports Malaysia has hired three banks as joint global co-ordinators on an up-to $500m IPO. The offering adds to a pipeline of deals expected from Malaysia, although there are unlikely to be any more jumbo deals until next year, said ECM bankers.
Credit Suisse, Goldman Sachs and Maybank have been mandated but are likely to be joined by other banks in bookrunner roles, said a banker. About 15 banks pitched for the deal.
The listing is unlikely to be launched until next year, competing with other large offerings such as power
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