Home THE DAILY EDGE Business Amtek Engineering plans $550m IPO
Amtek Engineering plans $550m IPO

Tags: Amtek Engineering

Written by Reuters   
Friday, 12 November 2010 11:09
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Singapore engineering firm Amtek Engineering plans to raise as much as $550 million in its initial public offering, according to a note seen by Reuters.

Amtek, delisted about three years ago after being bought by private equity firm CVC Capital [CVC.UL] and a unit of Standard Chartered <STAN.L>, could issue as many as 342 million shares, including greenshoe and upsize options, at a price of $1.30-1.60 per share, according to the note.

Amtek, which manufactures precision metal, plastic and rubber components, counts electronics firms like Dell and Hewlett-Packard among its customers.

The company plans to complete final pricing on Nov 22 and list on Dec 1. The public offer will be from Nov 24-29.

Credit Suisse and Morgan Stanley are joint global coordinators for the Amtek IPO and are joint lead managers, bookrunners and underwriters alongside Standard Chartered.

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Amtek Engineering plans $550m IPO
Friday, 12 November 2010

Last Updated on Friday, 12 November 2010 11:10