comfortdelgro corp is planning an initial public offering of its australian unit in a bid to unlock the value of its business that has been operating there for 16 years the ipo plan for the unit whose shares will be traded on the australian securities exchange  came after the parent conducted a nondeal roadshow in june comfortdelgro said monday it didn’t disclose the timing nor the amount it intends to raise from the ipo of comfortdelgro corporation australia the singapore land transport company has appointed credit suisse and ubs as joint lead managers for the share offering which is planned for the final quarter of the year the ipo is subject to prevailing market conditions and relevant approvals the company said comfortdelgro which has a market capitalization of 351 billion singapore dollars us259 billion as of aug 13 according to factset operates in seven countries including china the uk ireland vietnam and malaysia it is listed on the singapore exchange