New Century Shipbuilding yesterday kicked off the roadshow for an initial public offering that is aiming to raise between S$1.43 billion and S$1.74 billion ($1.04 billion to $1.27 billion). At that size, this will be the largest IPO in Singapore since CapitaMalls Asia's $1.78 billion float in November last year.China-based New Century has chosen to list in Singapore, not only because it is a shipping hub that is used by many of its customers, but also because its closest comparable, fellow privately-owned Chinese shipbuilder Yangzijiang Shipbuilding Holdings is also listed there. Full Story
