Bumitama Agri's Singapore IPO attracts strong order flow

The Indonesian crude palm oil producer is seeking to raise up to $176 million, with more than 40% of the shares set aside for cornerstone investors.

Bumitama Agri's Singapore IPO attracts strong order flow

Investors are said to be flocking to Bumitama Agri’s initial public offering in Singapore the first new listing of size in the Lion City this year.

The Indonesia-based producer of palm crude oil and palm kernel is aiming to raise between S$200.9 million and S$221.6 million $159 million to $176 million and even before it launched the bookbuilding on Monday it had allocated 42% of the shares on offer to six cornerstone investors. It was...

To continue reading, please login or register for free

Click for more on: ipo | crude palm oil | plantations | indonesia | ioi | dbs | hsbc

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...