Daniel Mankani "DynamicTrader – Trend Trading Dynamics" Trading for a living, systematically profiting from longer term trends.

28Jun/12Off

Malaysia’s Felda surges 20 percent in debut of world’s No.2 IPO

(Reuters) - Malaysian palm oil firm Felda Global (FGVH.KL) surged 20 percent in its trading debut on Thursday, as investors cheered on the world's second largest IPO after Facebook's (FB.O) botched float and the company pledged stronger profits in the coming months.

The firm raised $3.1 billion in Asia's biggest initial public offering of this year, running against the global gloom in IPO markets and giving the government a political dividend ahead of what is likely to be a closely fought election.

http://www.reuters.com/article/2012/06/28/us-malaysia-felda-ipo-idUSBRE85R07S20120628

 

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