International law firms Linklaters and Cleary Gottlieb Steen & Hamilton, along with three Malaysian firms, have advised Felda Global Ventures Holdings on its IPO; Asia’s largest and the world’s second-biggest listing after Facebook’s offering earlier this year.

Cleary served as international counsel to Felda on its $3.2 billion Malaysian Stock Exchange listing, while Albar & Partners and Azmi & Associates acted as Malaysian counsel.

Linklaters, meanwhile, advised the joint global coordinators – CIMB Investment Bank, Maybank Investment Bank, Morgan Stanley – and joint bookrunners – Deutsche Bank and J.P. Morgan Securities – on the IPO, while Adnan Sundra & Low served as Malaysian counsel.

“The Felda IPO is a landmark transaction that has cemented Malaysia’s status as Asia’s top IPO destination for 2012,” said Kevin Wong, the Singapore-based capital markets partner who led the Linklaters’ team, in a statement. “This is a testament to both the quality of companies being listed, and the resilience of the Malaysian equity market.”

Following on from Felda’s success, Malaysia launched the $2 billion IPO of state-backed hospital operator IHH Healthcare on July 3, marking the third-largest listing of the year globally and solidifying its status as Asia’s top IPO destination for 2012.

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