Bankers have said Westports IPO would garner investor interest, as it is an infrastructure asset with a concession. Analysts have also noted that the port operator has a good track record as well as prospects for further growth
PETALING JAYA: Westports Holdings Bhd
’s initial public offering (IPO) price could be fixed between RM2.30 and RM2.50, judging from the demand indicated by cornerstone and institutional investors thus far.
The book-building exercise for the IPO is this week but a source said institutional investors, such as funds, usually indicated the prices they were willing to pay for the IPO leading up to the book-building.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
