Steel Pipe Industry prices Indonesia’s first IPO this year

The Indonesian maker of steel pipes attracts strong demand from both domestic and international investors as it aims to raise $88 million.

Steel Pipe Industry prices Indonesia’s first IPO this year

Steel Pipe Industry, Indonesia’s biggest producer of steel pipes by capacity, will raise Rp855.5 billion $88.2 million from its initial public offering after fixing the price below the mid-point of the indicative range.

The deal is the first IPO in Indonesia this year, according to Dealogic. The international roadshow ended on Monday February 4 and will be followed by a retail offer that will run from February 14 to 18. The trading debut is scheduled...

To continue reading, please login or register for free

Click for more on: ipo | steel | pipes | manufacturing | nomura | aaa sekuritas

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 ...