Starhub completes IPO

Flotation priced at bottom end of range but in line with rival operator M1.
October 06, 2004

Singapore's third and smallest cellular operator raised S$457.7 million ($271 million) after pricing its IPO at the bottom end of its indicative range yesterday (October 6). The 481.8 million share deal was priced at S$0.95 after being marketed at S$0.95 to S$1.15 by lead managers Credit Suisse First Boston and UBS.

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