I thought it will go up to around RM 3.30 (10%) but looks like the sentiment is not encouraging. (Reuters) - Pay-TV firm Astro Malaysia Holdings Bhd closed flat in a weak market debut Friday on concerns its valuation was too high, underperforming other recent big listings as Kuala Lumpur's booming IPO market looked set to lose steam next year. But after such a robust 2012, and with Astro's $1.5 billion sale marking the last major listing until the first quarter of next year, the market is expected to cool off. Astro shares rose as much as 3.7 percent before erasing gains to close at 3.00 ringgit, unchanged from the offer price in Malaysia's third-biggest IPO this year. Analysts polled by Reuters had expected a rise of at least 6 percent. The IPO by Astro, controlled by Malaysia's second-richest man Ananda Krishnan, followed Felda Global Ventures Holdings Bhd's $3.3 billion offering in June and IHH Healthca...