PT Kino launches rare Indonesian IPO

Consumer goods company launches only the second $100 million-plus initial public offering of the year from Indonesia.

PT Kino launches rare Indonesian IPO

PT Kino, an Indonesian consumer goods company, has launched a Rp1.07 trillion to Rp1.493 trillion $79 million to $110 million initial public offering that marks only the second $100 million-plus deal of the year from the country.

Issuance has been extremely sparse given the Fed-related headwinds facing the country, which have made its stock market and currency one of the worst performing in the region during 2015. 

The Jakarta Composite Index...

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