US$1.01 is the indicative price of the largest IPO of South Asia, Hutchison Port Holdings Trust, Singapore. Hutchison is looking to raise US$ 6.1billion from this IPO. Hutchison, operator of Li Ka-Shing's ports is backed by financial institution. Decision on final pricing would come on Monday, but it is expected that the price will remain unchanged.

The price band which the group is likely to filed in its prospectus to the Monetary Authority of Singapore will be between US$0.91 to US$1.08 per unit. As per experts, theses prices means the IPO won't raise more than US$6.4Billion from the market.

Hutchison Port is looking forward to issue around 3.9 billion units to institutional investors and public investor. They have also included 15% overallotment options and US$1.6billion cornerstone tranche. March 18 would be the listing date.

DBS Bank Ltd., Deutsche Bank AG and Goldman Sachs (Singapore) Pte are the joint underwriter and issue manager. China is still struggling to attract investors on these indicative price offerings as US$167 million Hong Kong IPO of China Kingstone Mining Holdings Ltd, marble Query operator was at the lower range of indicative price band.

Similarly because of volatile market conditions Perennial China Retail Trust, a unit of Singapore's Perennial Real Estate, delayed their 1.1 billion Singapore dollar IPO.