Ranhill prices IPO at the top after electrifying demand
With the deal oversubscribed before bookbuilding even began, Ranhill Energy and Resources was never really going to encounter any problems for its Rm753m ($237m) IPO. The Malaysian company priced the second largest Malaysian IPO of 2013 at Rm1.85 per share on Monday night, at the top of a range that was anchored at Rm1.70.
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