MNC Skyvision launches IPO of up to $200 million

Four anchor investors, including US- and Malaysia-based media specialists, help to ensure the base deal is covered on day one.

MNC Skyvision launches IPO of up to $200 million

MNC Skyvision, an Indonesian pay-TV operator owned by media group Global Mediacom, kicked off the institutional bookbuilding yesterday for an initial public offering that is aiming to raise between Rp1.6 trillion and Rp1.9 trillion $170 million to $200 million.

The deal is a play on Indonesia’s strong consumer demand story and comes as stock markets in Asia rose after the election results in Greece eased worries about the eurozone crisis. Jakarta’s benchmark share index...

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