indonesian-coal-miner-to-kick-off-697-million-ipo

Indonesian coal miner to kick off $697 million IPO

High-growth company Bayan Resources aims to take advantage of the fact that coal is one of the few remaining "hot" sectors.
IndonesiaÆs eight largest coal producer, Bayan Resources, will go ahead with its initial public offering despite the cancelation of several other Asian listings over the past few days and will kick off its international roadshow on Monday.

The company is setting a high target for itself as it seeks to raise between Rp4.67 trillion and Rp6.42 trillion $507 million to $697 million, which would make this the largest private sector IPO from Indonesia to be marketed to international investors. The deal size could increase to as much as $800 million if the 15% greenshoe is exercised in full and to $870 million if an option to sell an additional 10% in the form of...
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