Lippo Group's AcrossAsia raises HK$590 million in IPO

AcrossAsia Multimedia, the technology unit of Indonesia''s Lippo Group, sold 180 million shares at HK$3.28 in its IPO. The shares rose to HK$3.90 in their first day of trading.
July 13, 2000

AcrossAsia Multimedia, the technology arm of Indonesia's Lippo Group, raised HK$590 million ($75.7 million) in its initial share offering on Hong Kong's Growth Enterprise Market (GEM). Investors followed the lead of such corporate stalwarts as Hong Kong conglomerate Hutchison Whampoa, Softbank of Japan and China Resources, which bought shares prior to the listing.

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

Chinese casual dining firm Green Tea Group lists on HKEX

Minority owner Partners Group said the IPO proceeds will be used to further grow the Hangzhou-headquartered restaurant's 493 outlets and establish a centralised food processing facility; Clifford Chance, Citi and CMB International Capital were involved in the deal.
May 16, 2025