No cornerstone lock-ups for 7-Eleven IPO

By Rev Hui
30 Apr 2014

7-Eleven Malaysia Holdings will be taking an unusual approach for Malaysian deals when it launches its MR720m ($220m) IPO in the second week of May. Cornerstone investors will not be subject to any lock-ups.

Unlike in Hong Kong, there are no rules restricting cornerstone investors in Malaysia, but they are nonetheless usually subject to a six month lock-up.

“The rationale for a lock-up is to create a sense that demand for shares is strong and cornerstones are happy to be there for ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial