Indonesia's Deltamas revives IPO plans

The property developer aims to raise up to $200m in an IPO after an attempt in 2013 was shelved due to a lack of demand.

Indonesia's Deltamas revives IPO plans
Jakarta

Indonesian property developer Puradelta Lestari started investor education ahead of an initial public offering that could raise roughly $200 million to pay for infrastructure at industrial parks.

On offer will be up to 10.8 billion primary shares or approximately 20% of the total enlarged share capital in the industrial estate developer, also known as Deltamas, according to a term sheet seen by FinanceAsia. Citi, CLSA, Macquarie and Nomura are the joint bookrunners...

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