KUALA LUMPUR: Malaysia's Felda Global Ventures Holdings, the world's third largest palm oil company by acreage, is set to price its up to US$3.2bil IPO at the top of an indicative range, as strong demand from domestic investors helps it counter a recent global trend of failed listings.
The world's second biggest initial public offering this year behind Facebook Inc's US$16bil offering will put Kuala Lumpur on par with Shenzhen as the main IPO destination in Asia-Pacific, leaving behind Hong Kong, which grossed the highest IPO proceeds in the world in both 2010 and 2011.
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