Mandiri pre-markets $150 million IPO

Pre-marketing begins today (Friday) for a deal that will raise up to $150 million.

ABN AMRO Rothschild, Credit Suisse First Boston and joint global co-ordinator Danareksa Sekuritas begin pre-marketing today for an all secondary share sale in Indonesia's largest financial institution, Bank Mandiri.

Initially, a 30% sale combining both primary and secondary shares had been planned. However, this has now been scaled back in recognition that the Indonesian market would find it very hard to absorb about $300 million of new paper when the exchange still averages only $40 million to...

To continue reading, please login or register for free

Click for more on: mandiri | premarkets | 150 | million | ipo

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 ...