Wednesday, October 19, 2011

IPO: Parkson Retail

IPO: Parkson Retail: Msian's Parkson Hldgs is looking to list its retail arm in a $200m IPO on SGX and a preliminary prospectus has been lodged as of yday. An indicative price range of $0.935-1.07 has been touted with HSBC as the issue mgr with CIMB as the joint bookrunner and underwriter, CLSA as co-lead mgr. Net proceeds from the IPO will be used for expansion of retail stores in the region

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