Astro Malaysia Holdings Bhd, a pay-TV firm, is offering up to 1.52 billion shares in an initial public offering, an updated draft prospectus showed on Wednesday, which could be worth about $1.75 billion in the country's third largest listing this year.
The IPO, expected to list by end-September, comes after high-profile share sales by planter Felda Global Ventures Holdings Bhd in June and IHH Healthcare Bhd in July.
Astro, controlled by tycoon Ananda Krishnan, said the offer represents up to 29.2 percent of its enlarged paid-up capital, of which 597.69 million shares or 11.5 percent will be offered to indigenous "bumiputra" investors, confirming what a source with direct knowledge of the matter told Reuters last week. Another 661.75 million shares or 12.7 percent will be allocated to other institutional and selected investors Astro said.