Bank Rakyat Indonesia launches pre-marketing

BRI sets out to raise $300 million to $400 million from its IPO.

Pre-marketing will begin today Monday for the IPO of Bank Rakyat Indonesia BRI. Formal roadshows under the lead of UBS and Bahana Sekuritas are expected to start the week beginning October 13, with pricing of the institutional book scheduled for the middle of the week beginning October 27. The retail offering will then take place during the first week of November, with trading to begin the week of November 17.

At $300 million to $400 million, the...

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