The offshore vessel owner, which is controlled by Malaysia’srichest man Robert Kuok, will target between $304m and $334m from the firststage of the float, Reuters reports.
It could add a further $46m in a follow up offering takingtotal proceeds to $380m, the newswire adds.
As reported last week POSH has already received conditionalapproval from the SGX to pursue a listing.
The company, which currently has a market capitalisation of$531m, is likely to complete the floatation during the second quarter.
Its major shareholders are the Kuok controlled shipownersPacific Carriers and Kuala Lumpur-listed Malaysian Bulk Carriers.
Bank of America Merrill Lynch, DBS Group Holdings andOversea-Chinese Banking Corp are the joint issue managers, bookrunners andunderwriters.
