Masterskill: IPO retail portion priced at RM3.50

Main Market-bound Masterskill Education Group Bhd has successfully priced its initial public offering (IPO) at the top end of its indicative range – RM3.80 for the institutional tranche and RM3.50 for the retail portion. Masterskill, which slated for listing on May 18, said the IPO was priced after a book-building exercise for the institutional offering. It said the total proceeds raised pursuant to the IPO amounted to about RM771m. Masterskill said the retail offering of 25.5m shares to the Malaysian public, eligible Masterskill employees and graduates is closed at 5pm on May 17. The IPO comprises of 41m new shares, and 164m existing shares offered by major shareholders Datuk Edmund Santhara and Masterskill Holding Ltd. (Financial Daily)


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