Malaysia’s Tune Ins raises $92 million from IPO

The insurance product manager attracts strong demand for the country’s first IPO this year, while Sunway Reit raises $103 million from a follow-on offering.

Tune Ins Holdings, which is partly owned by AirAsia, has raised M$283.8 million ($92 million) from an initial public offering in Malaysia, after fixing the price slightly below the midpoint of the indicative range, a source said yesterday.

¬ Haymarket Media Limited. All rights reserved.

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