The stage is set for the country’s and Southeast Asia’s biggest-ever IPO that will raise RM11.2 billion (US$3.3 billion) for its vendors, with the final selling price for Maxis Bhd fixed at RM5 per share for institutions and RM4.75 for retail investors.
Maxis will be automatically included as a component of the KLCI with effect from Nov 20. It would be the largest telco constituent (estimated weightage of 6.1% based on our calculation), raising the overall telecoms sector weightage on the index to 14.5% from 8.8% previously
Maxis in 11th place in index. Based on a investability weighting of 30% and a reference price of RM4.75, Maxis adjusted market cap of RM10,688m will put it just below AMMB's RM11,168m, making it the 11th larget stock on the index, with a weighting of 2.7%.Of course, this weightage will change depending on its share price movement after the listing.
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