hot-institutional-demand-for-sampoerna-family-ipo

Hot institutional demand for Sampoerna family IPO

The palm oil producer is set to raise $122 million from Indonesia's first internationally marketed IPO this year.
Indonesian palm oil producer Sampoerna Agro is set to raise Rp1.08 trillion $122 million from its initial public offering after pricing the institutional portion of the deal near the top of the indicated range.

The deal attracted a lot of interest on the basis that this is the first business owned by the Sampoerna family to be listed since it sold its entire stake in clove cigarette manufacturer PT HM Sampoerna to Philip Morris two years ago. It is also the first Indonesian IPO to be marketed to international investors this year following only three deals last year.

According to sources, international investors are expected to end up with about 80% of the institutional tranche,...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222