Reuters thumps opposition on Hutchison`s $5.4 billion Singapore IPO pricing

Reuters crushed the opposition in reporting the final price for Hong Kong billionaire Li Ka-shings ports units $5.4 billion Singapore IPO, Southeast Asia`s biggest ever. Reuters, working in conjunction with sister publication IFR, broke the news around 40 minutes ahead of Dow Jones. Bloomberg had to initially pick up the Reuters story and matched it at least two hours later. Reuters has consistently stayed ahead of rivals on the story, the most significant deal in Singapore because the IPO value exceeds the entire cash raised in the city-state through listings in 2010.