ABM Investama kicks off $215 million IPO with upsize option

The Indonesian coal mining and diversified energy company leads the way as a growing number of companies get ready to launch IPOs in Hong Kong.

ABM Investama kicks off $215 million IPO with upsize option

 

ABM Investama may have gotten an unexpected boost for its initial public offering yesterday when the Indonesian central bank cut interest rates by half a percentage point. Some economists had predicted that the bank would ease policy for the second month in a row, but none expected the cut to be more than 25 basis points.

The decision will help boost domestic demand at a time when the debt problems in...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES