Malaysia’s biggest IPO in 2021 said to draw Aberdeen, AIA

CTOS, backed by private equity firm Creador Capital Group, provides data and analytical tools to clients to help them manage credit risk and prevent fraud, according to Creador’s website.

KUALA LUMPUR: CTOS Digital Bhd., which operates a credit reporting agency, is in talks to sign up Aberdeen Standard Investments and AIA Group Ltd. as cornerstone investors for its planned initial public offering, according to people with knowledge of the matter.

Eastspring Investments Bhd., Fidelity International and several local asset managers are also in discussions to participate in what could be Malaysia’s biggest listing this year, the people said.

The company aims to sell shares in the Kuala Lumpur IPO for as much as 1.10 ringgit each, said the people, who asked not to be named as the process is private. At that price, the IPO would raise about 1.2 billion ringgit ($290 million) based on its draft prospectus’ indicative offering of 1.1 billion shares. The company is seeking a valuation of about $585 million in a listing.