Strike while it is hot

Malaysia's Second Finance Minister Ahmad Husni Hanadziah (2nd left) hits a traditional Malay gong as Chairman of Maxis Bhd Raja Arshad Raja Tun Uda (2nd right), Chief Executive Officer of Maxis Bhd Sandip Das (left) and Non-Executive Director of Maxis Bhd Ralph Marshall look on during the launch of Maxis Bhd's initial public offering in Kuala Lumpur yesterday. Shares of Malaysia's leading telco rose 9.2 percent above their issue price as Southeast Asia's biggest IPO made its debut yesterday, reflecting pent-up demand from local funds.