[November 20, 2009] Maxis raises $3,300 million in IPO Tweet Nov 20, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- Maxis Berhad, a Malaysia-based telecommunications company, has completed an initial public offering (IPO) of 2,250 million shares of common stock at a price of MYR5 ($1.48) per share for total gross proceeds of MYR11,250 million (3,330 million). Update on November 10, 2009: Maxis has priced an IPO of 2,250 million shares of common stock at a price of MYR5 ($1.48) per share. Update on October 6, 2009: Maxis has set the price of an IPO between MYR4.95 ($1.43) and MYR5.5 ($1.59) per share. Maxis hopes to raise at least MYR11,000 million ($3,180.93 million) in an IPO on the lower end of its price valuations. Announcement (September 17, 2009): Maxis has filed a draft prospectus with the Securities Commission to raise approximately 2,000 million in an IPO. Maxis is planning to issue 2,250 million shares in an IPO. Rumor (August 5, 2009): According to Reuters, Maxis is planning to raise $2,000 million through an IPO. CIMB Investment Bank Berhad, together with Credit Suisse, Goldman Sachs, J.P. Morgan Securities, Ltd, Nomura International plc and UBS AG, Hong Kong branch, are acting as joint bookrunners for the offering. AmInvestment Bank, CIMB Investment Bank Berhad, Maybank and RHB Investment Bank are acting as underwriters for the offering. Deal Value (US$ Million) 3300 Deal Type IPO Sub-Category Completed Deal Status Completed: 2009-11-19 Deal Participants Target (Company) Maxis Berhad Vendor 1 (Company) Usaha Tegas Sdn Bhd Vendor 2 (Company) Saudi Telecom Company Deal Rationale % Acquisition 30% Offer Price ($ per share) 1.48 No. Shares Issued 2250000000 [ Back To TMCnet.com's Homepage ]