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KUALA LUMPUR, Nov 9 (Reuters) - The institutional segment of the IPO of Malaysia's biggest mobile operator Maxis Bhd has been "well covered" at above 5.00 ringgit a share, sources with knowledge of the matter told Reuters on Monday. "The institutional portion is definitely oversubscribed by more than 2 times for a price above 5.00 ringgit," said a source from one of the banks involved in the deal. Last month, Maxis said it had secured four cornerstone investors who will buy 28 percent of its roughly $3.7 billion IPO, Southeast Asia's largest in over a decade. (Reporting by Julie Goh and Saeed Azhar; Editing by Anshuman Daga) ((julie.goh@thomsonreuters.com; +603 2333 8036; Reuters Messaging: julie.goh.reuters.com@reuters.net)) Keywords: MAXIS/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
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