Maxis retail offering at RM5.20 per share

KUALA LUMPUR: Maxis Bhd's retail offering of 212.29 million shares under its initial public offer (IPO) is tentatively fixed at RM5.20 per share.

In its prospectus issued on Wednesday, Oct 28, it said the offer price was subject to a refund if the final IPO price is less than the IPO price.

It added the final IPO price will equal the lower of the IPO price of RM5.20 and 95% of the institutional price to be determined by bookbuilding.