Books have opened for the IPO of Indonesian meat processor and dairy farm operator Japfa, which aims to float its shares in a Singapore listing and raise up to S$248 1 million ($199 7 million)
Some 248 million shares are being offered between S$0 75 to S$0 87 per unit, with the shares representing 14 2% of the enlarged share capital, according to a term sheet
An exercised greenshoe option would add an additional 37 2 million shares and bring the amount raised to S$248 1 million
Credit Suisse and DBS are leading the deal, with demand robust — books were covered several hours after the bookbuild began, a banker close to the deal told...
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