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
Two-thirds of Investama's IPO funds raised will go to expanding mining operations

 

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...

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