Edotco eyes $1bn IPO as banks sought for mandate
Malaysia’s edotco, a unit of telecommunications firm Axiata Group, is close to selecting banks for a possible $1bn IPO.
The telco infrastructure company asked local and international banks to submit pitches, according to a banker close to the matter. CIMB, Deutsche Bank and JP Morgan are thought to be among those in the running to win the mandate.
The issuer has not yet announced a decision.Edotco owns ...