ABM Investama has raised Rp2.06 billion $230 million from its initial public offering after fixing the price above the bottom of the range at Rp3,750 per share and exercising its upsize option in full. The deal shows that investors are still interested in putting money to work in Indonesia, and proves that signing up investors before launch helps to improve the confidence of potential buyers.
ABM Investama, an Indonesian diversified energy-related company with a growing presence in coal mining, structured the deal with a base offering that accounted for 15% of the share capital plus an upsize option making up another 5% of the company. At the full 20%, the...
¬ Haymarket Media Limited. All rights reserved.
