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Sewko Holdings' S$149m ($119m) Singapore IPO has not gone according to plan, after the company failed to price the deal on schedule. It is now going back to investors before deciding whether to try again.
Bookbuilding for the IPO closed on October 3 and pricing was expected to be announced on the same day. But it never came and the IPO process has now been extended to allow further discussions with investors, said a banker close to deal.
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