HONG KONG: Online payment company MOL Global Inc priced its US IPO at the bottom of expectations to raise US$169mil after slashing the number of shares offered, a source with direct knowledge of the deal said on Thursday.
The first US IPO of a Malaysian company was priced at US$12.50 per share, the bottom of a US$12.50 to US$14.50 marketing range, said the source. The source declined to be identified as details of the deal have not yet been announced.
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