1Malaysia Development Bhd., the state investment company known as 1MDB, plans to raise as much as $2 billion in an initial public offering of its power assets, Reuters reports. The IPO may take place in the first quarter of next year.
M’sia Boleh, what with Felda Global Ventures Holdings and IHH Healthcare completing two of the world’s three biggest IPOs this year. Companies have raised a combined US$5.1 billion in Kuala Lumpur this year, compared with US$2.9 billion in Hong Kong and US$2 billion in Singapore, according to data compiled by Bloomberg.
SGX’s ang moh FT has yet to get on his own bat a mega IPO. Can only talk.
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