MOL Global prices downsized IPO at $12.50, the low end of the range

MOL Global, a Malaysian provider of online payment services mainly used for game credits, raised $169 million by offering 13.5 million shares (45% insider) at $12.50, the low end of the $12.50 to $14.50 range. MOL Global will list on the NASDAQ under the symbol MOLG. Citi, Deutsche Bank and UBS Investment Bank acted as joint bookrunners on the deal.