Malaysia's Felda soars 19 percent in world's 2nd largest IPO
®Copyright MediaCorp
Malaysia's Felda Global Ventures made a sterling trading debut on the Malaysian bourse today.
Its shares jumped as much as 19 percent, defying global economic doldrums with the world's second-largest IPO this year after Facebook.
Shares of the palm oil company opened at RM5.39 on the Bursa Malaysia.
But within a few minutes of trading starting, the stock was up 19 percent at RM5.43 a share.
That's well above the institutional price of RM4.55 in the US$3 billion share sale.
A string of Asian IPOs have been delayed or scrapped in recent weeks as investor worry about Europe's debt crisis and China's slowing economy, as well as Facebook's botched
listing in May.
MORE BUSINESS NEWS
- URA launches tender for commercial site at Cecil Street
- Airbus leads Boeing in opening battle of giants at air show
- Japan's Amari chides nations for raising concerns on currencies
- NODX fell in May
- Sales of new private homes rose 5.4%
- Sembcorp plans IPO of joint venture company
- Canada charges candy-makers
- Eurozone unemployment hits record 12.2% in April: EU
- Bank of Korea Governor concerned on possible federal reserve tightening
- Singapore April bank lending up 0.9% from March
Latest Photo Galleries on xinmsn
NEWS VIDEOS
Despite being a land rich in agricultural resources, almost 30 percent of Ugandan crops never make it onto the shelves, because they are not... More Despite being a land rich in agricultural resources, almost 30 percent of Ugandan crops never make it onto the shelves, because they are not properly preserved. That's why a research centre at the University of Makarere is developing a new range of food products, to try and combat food wastage. Duration: 01:56
Date 5 hrs ago, Duration 1:56, Views 1
Video by: AFP News
MORE NEWS VIDEOS
-
S'poreans taking part in sports activities affected ...
Date 8 hrs ago 1:31Tooltip Information:
S'poreans taking part in sports activities affected by hazeVideo by:Description: Singapore News from Channel NewsAsiaRating: 4Views: 4 -
S'pore urges Indonesia to name firms responsible for...
Date 9 hrs ago 1:42Tooltip Information:
S'pore urges Indonesia to name firms responsible for causing hazeVideo by:Description: Singapore News from Channel NewsAsiaRating: 4Views: 3 -
Committee set up to chart Singapore's infocomm media...
Date 9 hrs ago 2:03Tooltip Information:
Committee set up to chart Singapore's infocomm media direction till 2025Video by:Description: Singapore News from Channel NewsAsiaRating: 4Views: 1 -
Hospitals boost efforts in battling dengue as number...
Date 17/6/13 0:51Tooltip Information:
Hospitals boost efforts in battling dengue as number of cases crosses 10,000 markVideo by:Description: Singapore News from Channel NewsAsiaRating: 5Views: 78 -
Lee Kuan Yew plants tree to mark 50 years of greenin...
Date 17/6/13 1:53Tooltip Information:
Lee Kuan Yew plants tree to mark 50 years of greening SingaporeVideo by:Description: Singapore News from Channel NewsAsiaRating: 4Views: 57
facebook recommendations
sitemap
- Entertainment
- Asia Celeb News
- Hollywood Buzz
- Korean Buzz
- Celeb Interviews
- Celeb Bios
- Celeb Blogs
- Photo Galleries
- Music Reviews
- Movies
- xinFirst Webisodes
- TV Channels
- Channel 5
- Channel 8
- Channel U
- okto
- Suria
- Vasantham
- Radio
- 938LIVE
- 987FM
- Class 95FM
- Gold 90.5FM
- Lush 99.5FM
- Symphony 92.4FM
- Capital 95.8FM
- Love 97.2FM
- Y.E.S. 93.3FM
- Ria 89.7FM
- Warna 94.2FM
- Oli 96.8FM
- XFM 96.3FM
- Lifestyle
- Beauty & Fashion
- Food
- Going Out
- Health
- Relationships
- Travel
- Work Life
- Style
- Style:Men
- Style:Weddings
- Style:Living
- i-Weekly i周刊
- 8 DAYS
- Timepieces
- FHM
- Manja
- Mother & Baby
- Elle
- Postbox
- News
- Singapore
- World
- Regional
- Sci-Tech
- Weird
- Business
- News Videos
- Sports
- Local Sports
- BPL
- World Football
- Formula One
- NBA
