Bumi Armada sets this year’s Malaysian IPO record and boosts market activity with M$2.6bn domestic offer
Malaysian shipping company Bumi Armada raised M$2.66bn ($844.75m) from a domestic IPO last week, selling the biggest deal of the year — and injecting some much-needed activity into the country’s quiet new listing market.
It was the first IPO in Malaysia in several weeks, following PeterLabs Holdings M$15.3m ($5m) listing at the end of June. But it hit a much more important benchmark: becoming the biggest Malaysian IPO of 2011.
The listing was the only Malaysian IPO this year worth more than
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