ciptadana

Paltry market conditions and weak demand forced Link Net’s selling shareholders to cut the number of shares on offer by 10%. They raised $455 million.

Having completed a technical IPO in June, the Indonesian TV operator hopes to build up an institutional investor base with a new deal, which launches roadshows on Monday.

Backed by the Lippo Group, the company offers a unique opportunity to invest in Indonesian healthcare. But it is not cheap and the weakening rupiah remains a concern.