The engineering and utility company sets the price at the top of the range and allocates the majority of the institutional tranche to domestic investors.
OUE Hospitality Trust launches an offering of up to $481 million one day after SPH Reit hit the market, while Ranhill Energy and Resources leads a host of listing hopefuls in Malaysia and Puradelta Lestari starts to gauge the demand for Indonesia’s largest IPO this year.
Upstream oil and gas company KrisEnergy will open the order books for a Singapore IPO of up to $215 million after Keppel increases its stake and agrees to participate in the $80 million cornerstone tranche.