Atlas Resources raises $110 million from IPO

Indonesian coal miner Atlas Resources fixes the price at the bottom of the range and scraps the secondary portion of the deal.

Atlas Resources raises $110 million from IPO

Indonesian coal miner Atlas Resources has raised Rp975 billion $110 million from its initial public offering after electing to sell only new shares and fixing the price at the bottom of the range at Rp1,500. The final size is towards the low end of the targeted deal size which, including a secondary share sale and an upsize option, could have been as large as $157 million.

The bookbuilding closed a week ago on October...

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