REFILE-UPDATE 2-Malaysia's Maxis eyes $3.4 bln in IPO
(Refiles to make clear in fourth last paragraph that all banks are joint book-runners)
* Institutional book more than 2 times oversubscribed-sources
* Final pricing narrowed to between 5.00-5.20 rgt/shr -sources
* Books to close later on Monday
* Would be biggest IPO in Southeast Asia
(Recasts lead, adds analyst, company comments)
By Julie Goh and Saeed Azhar
KUALA LUMPUR/SINGAPORE, Nov 9 (Reuters) - Maxis Bhd, Malaysia's biggest mobile operator, is set to raise as much as $3.4 billion in Southeast Asia's biggest initial public offering, after strong demand helped it tighten an indicative price range.
The IPO bucks a faltering market across India, China and Australia, where the primary equity window that saw a big revival two quarters ago is beginning to quickly shut. [ID:nSP394074] Continued...
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