BlueBird pre-markets $300m IPO

The third-generation family-run cab company is pre-marketing and hopes to float its shares in November.

BlueBird pre-markets $300m IPO
Repeat customers site the company’s reliability, clean cars and knowledgeable drivers are why it’s been so successful.

BlueBird began pre-marketing ahead of its planned initial public offering that could net the Indonesian taxi-operator $300 million.

The third-generation family-run cab company, founded by the late Mutiara Djokosoetono in 1972 with 25 cars, hopes to take advantage of rising stock markets after July’s presidential election, and float its shares in Jakarta. If successful, the company would be the country’s largest IPO since state airline Garuda Indonesia secured $524 million in January 2011.

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