SINGAPORE: SP AusNet, the Australian unit of state-owned Singapore Power Ltd, is raising up to A$1.6bil in an IPO that would be the biggest offering by a Singapore enterprise in more than a decade.
The maximum offer price for the initial public offering, to be listed in Sydney and Singapore, will be A$1.57 a share, and the indicative IPO range for institutional investors is A$1.29 to A$1.57, according to the prospectus filed with the Monetary Authority of Singapore.
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