Astro hires CS, Goldman, JPM for US$1b IPO: Sources
SINGAPORE, July 3 – Malaysian pay TV operator Astro All Asia Networks has hired Credit Suisse, Goldman Sachs and JPMorgan to advise on an initial public offering in Kuala Lumpur to raise at least US$1 billion (RM3.15 billion), three sources with direct knowledge of the deal said.
One of the sources said the deal size could reach as much as US$1.5 billion.
Malaysian tycoon Ananda Krishnan plans to re-list Astro All Asia Networks by end-September in a deal that would give the pay-TV firm a market capitalisation of up to RM15 billion, sources said.
The firm is targeting a listing in the week starting Sept 17, one of the sources said.
CIMB and Maybank have already been hired for the deal, sources said.
The banks either declined to comment or were not available to comment. – Reuters