Maxis Communications is likely to complete the initial public offering (IPO) of its Malaysian operations, Maxis Mobile, by mid November 2009.

Maxis Communications is likely to complete the initial public offering (IPO) of its Malaysian operations, Maxis Mobile, by midNovember 2009. Maxis will offer 2.25 billion shares of its issued and paid-up capital, equivalent to approximately 30 per cent stake, with 27.67 per cent offered to institutional investors and the remaining 2.33 per cent set aside for retail investors. The sale is expected to raise around $2.5 billion, making it the largest IPO in Malaysia since 1995.