Westports' IPO the biggest so far
KUALA LUMPUR: Westport Holdings Bhd's market capitalisation will be RM8.53 billion upon listing, making it the biggest initial public offering (IPO) based on total funds raised in 2013 to date.
The port operator will be listed on the main market of Bursa Malaysia on October 18.
Westports manages Malaysia's main export gateway of Port Klang, which is the world's 12th busiest port.
For fiscal year 2012, Westports posted a net profit of RM359.3 million on the back of RM1.5 billion in revenue.