KUALA LUMPUR: Felda Global Ventures Holdings Bhd raised about RM10.4bil (US$3.3bil) in this year’s second biggest initial public offering after Facebook Inc, said three people with knowledge of the matter.
Felda Global, the world’s third-largest operator of palm oil plantations, sold shares to institutional investors at RM4.55 each, said the people, asking not to be identified as the information was confidential. The Kuala Lumpur-based company had marketed the shares at RM4 to RM4.65 ringgit. Demand for stock from fund managers exceeded supply by more than 29 times at that price, two people said.