Bumi Armada Said to Raise $888 Million in Kuala Lumpur IPO

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Bumi Armada Bhd., a company controlled by Malaysian billionaire T. Ananda Krishnan, raised 2.66 billion ringgit ($888 million) after pricing shares at the upper half of its indicative range in the country’s biggest initial public offering this year, two people familiar with the matter said.


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