“Strong demand” for Astro IPO

Astro Malaysia has said its initial public offering (IPO) has received strong demand from Malaysian and international investors, including leading institutional investors.

In a statement, Astro Malaysia said the retail, institutional, cornerstone and Ministry of International Trade and Industry (MITI) tranches of the offering have been priced at RM3.00 per share.

At RM3.00 per share, the market capitalisation of the integrated consumer media entertainment group in Malaysia will be RM15.6 billion ($5.1 billion), the statement said.

The IPO is the third largest public offering in Malaysia and Southeast Asia thus far this year.

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