Lotte Chemical back from the brink to seal $884m IPO

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Lotte Chemical back from the brink to seal $884m IPO

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Stressed businessman after business project failure, covering eyes in despair and hand gesturing stop to camera. | Igor Stevanovic/Bits and Splits - Fotolia

Lotte Chemical Titan sealed the largest Malaysian IPO in nearly five years this week, raising MR3.8bn ($884.0m). But the deal was anything but pretty. After a bungled first attempt at building a book, the issuer was forced to return with a smaller offering and lower price range. Jonathan Breen and John Loh report.

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