Malaysia's Maxis seen up 10 pct on debut -traders

KUALA LUMPUR, Nov 19 (Reuters) - Shares of Malaysia's biggest mobile phone operator Maxis Bhd are expected to jump 10 percent on the company's trading debut on Thursday, reflecting pent-up demand for the stock from local institutions squeezed out of its IPO allocations.

Traders in Kuala Lumpur said the shares could open at 5.50 ringgit a share, above its IPO price of 5.00 ringgit ($1.49), based on pre-opening orders they had received.

Maxis priced its stock at 5.00 ringgit a share for institutional investors and 4.75 ringgit each for retailers, at the mid-to-lower end of the indicative range.

The IPO, Southeast Asia's largest ever, raised $3.3 billion.

($1=3.364 Malaysian Ringgit)

(Reporting by Soo Ai Peng and Julie Goh; Editing by David Chance)

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