Erajaya IPO

Indonesian mobile retailer kicks off $200 million IPO

Erajaya, the country's leading mobile phone retailer, is offering up to 40% of its share capital. Meanwhile, Xinyi Glass cancels the spin-off of its solar glass unit and, in Thailand, Big C postpones its rights issue EGM due to floods.
November 18, 2011

Indonesia’s biggest retailer of mobile phones and other wireless communication products, Erajaya Swasembada, has kicked off the institutional bookbuilding for an initial public offering that is aiming to raise up to $200 million, or about Rp1.8 trillion.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

Erajaya raises $100 million from Indonesian IPO

The Indonesian mobile retailer sells 32% of its share capital at the bottom of the price range. Meanwhile, New World Development's rights issue ends significantly oversubscribed.
December 04, 2011

Srini Kannan to return to Citi in India

Citi Commercial Bank in India has appointed Kannan as head of digital, technology, communication, business & professional services and industrials; he will join in December and has worked at JP Morgan for over 15 years.
October 15, 2025