Maxis stock exchange information just after 9am

As of 9am this morning, Maxis has joined the FTSE Bursa Malaysia KLCI index. At the price of RM5 per share, Maxis has added an approximate RM37.5 billion market capitalization (or 4 percent) to Bursa Malaysia. The Maxis listing received a total demand of RM26.5 billion for the Initial Public Offering (IPO) size of RM11.2 billion.

YB Dato' Seri Ahmad Husni Hanadzlah, Minister of Finance II (inner left) and Raja Tan Sri' Dato' Seri Arshad bin Raja Tun Uda (inner right), Maxis Chairman officiating the company's entry into the stock exchange, as Sandip Das, Maxis CEO, and Maxis Directors Chan Chee Beng and Augustus Ralph Marshall look on (far left, second from right and far right).

The majority of the company's shares (70%) are currently being held by Maxis Communications Berhad, whose ultimate shareholders include Saudi Telecom Company, Usaha Tegas as well as other affiliates. Other shareholders include Malaysian institutions and Bumiputera investors (18.9%), global institutional investors (8.3%) and retail investors (2.8%).