No surprises as 7-11 Malaysia prices $226m IPO at the top

7-Eleven Malaysia Holdings’ drawn-out pursuit of a listing on Bursa Malaysia ended on a positive note as the MR732m ($226m) IPO priced at the top of its indicative price range on May 16. But with just 8% of the deal eventually placed with institutional investors through a bookbuild, it ended up looking more like a private placement.