Malaysia’s biggest pay-TV broadcaster, Astro Malaysia Holdings, the country’s largest pay-TV broadcaster, and shareholders including billionaire T. Ananda Krishnan, raised 4.6 billion ringgit ($1.5 billion) in an initial public offering. The company sold shares in Kuala Lumpur at 3 ringgit apiece, top of the marketed range, valuing it at $5.1 billion—with demand more than 30 times the number of shares offered. Kuala Lumpur has been home to three of Asia’s four biggest IPOs this year.
Malaysias IPO raises $1.5 billion in one of the biggest Asian offerings of the year
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