Sewko hits a snag with $119m IPO

Singapore
By Rev Hui
08 Oct 2013

Sewko Holdings’ S$149m ($119m) Singapore IPO has not gone according to plan after the company failed to price the deal. It is now going back to investors before deciding whether to try again.

Bookbuilding for the IPO closed on October 3 and pricing was expected to be announced on the same day.

However, the final pricing never came and the banker said the IPO process has now been extended, pending further discussions with investors, said a banker close to deal. ...

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