News Snapshot:
KUALA LUMPUR/MANILA: Shares in Philippines' second-largest IPO and Malaysia's largest offering in more than three years had a mixed debut on Monday, as analysts pointed to expansion concerns in pandemic-hit markets. Philippine fibre broadband provider Converge ICT Solutions Inc's shares slumped as much as 11.2% and ended 9.4% lower, while Malaysian home improvement retailer MR D.I.Y. Group Bhd briefly fell as much as 6.25%, but later rose to trade above the IPO price. The Southeast Asian IPO market has been hit by underperforming stocks and currencies, but companies in the region have raised $7.1 billion so far this year through...
