Indonesia remains in focus as Indofood CBP starts IPO marketing

Indonesia's largest noodle maker, which is being spun off from packaged food giant Indofood Sukses Makmur, is aiming to raise $500 million, sources say.
Mmmm, noodles!
Mmmm, noodles!

While listing candidates in most of the rest of Asia are waiting patiently in the wings for fund managers to return from their summer holidays so that they can start marketing their offerings, bankers have launched investor education for yet another Indonesian initial public offering. The head start is indicative of Indonesia’s growing importance in the equity capital markets ECM this year and the attention the country is getting from international investors as the top performing stock market in Asia year to date.

In the first half of the year, Indonesia overtook Singapore as the most active ECM market in Southeast Asia with $3.8 billion worth of deals, according to Dealogic, and accounted for...

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