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...
India Investment Summit 2009
Top executives and bankers will discuss their own plans and the broader opportunities and challenges for India during the Reuters India Investment Summit in Mumbai and Bangalore. Blog | Full Coverage
PLAYBOY SALE
An icon bows to changing times
With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech. Full Article
India
US
UK
