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...
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