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MobileOne IPO hits the road.
Byline: Shu-Ching Jean Chen in Hong Kong
As it began road shows Monday, Nov. 11, for its initial public offering, MobileOne Ltd., the second-largest mobile phone operator in Singapore, tried to avoid the fumbling of China Telecom.
MobileOne plans to sell between 57% and 70% of its 1.05 billion shares in a price range of between S$1.25 (71 cents) per share and S$1.52 in an IPO that analysts said could begin trading in early December.
That wide variation of share size and pricing suggests an IPO value of as low as S$748 million and as high as S$1.12 billion. Even at the smallest offer size, the deal could still easily top the IPO league table in …
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