Astro prices Malaysian IPO at the top, raising $1.5 billion

The Ananda Krishnan-backed pay-TV operator attracts 16 cornerstones and $10 billion of demand from other institutional investors.

Anette Jönsson

October 05, 2012

Astro Malaysia Holdings, the consumer media entertainment group that is backed by Malaysian business billionaire Ananda Krishnan, has priced its initial public offering at M$3 per share to raise M$4.56 billion ($1.5 billion).

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