IGB Reit launches listing with strong bid from UK
Malaysia’s IGB Reit launched an up-to-MR837.5m ($268m) listing on Tuesday, attracting 30 shadow orders even before pricing was announced. That early momentum allowed the bookrunners to cover the books after just one day.
While syndicate bankers had little doubt that demand from Malaysian investors would be strong, they have been taken aback by the strong response from foreign investors so far.
"We have been particularly surprised by the size of shadow orders coming in from UK long-only funds," said a banker close
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