CapitaMalls Malaysia raises $244 million from IPO

FinanceAsia, 9 Jul 2010
CapitaMalls Malaysia Trust (CMMT) has become the second real estate investment trust (Reit) to price a Malaysia initial public offering in just over a week, and like Sunway Reit before it, the deal attracted robust interest from both domestic and international investors.
In light of the continued volatility in global equity markets, the buyers weren't about to pay just any price, however, and sources said price sensitivity in the order book forced the issuer to fix the institutional price at M$1 per unit -- the bottom of the indicated range -- for a total deal size of M$786.522 million ($244 million). Retail investors were able to buy the shares at a discounted price of M$0.98. Full Story