MNC Skyvision IPO

MNC Skyvision raises $220 million from Indonesia IPO

Indonesian pay-TV operator MNC Skyvision exercises its upsize option in full following robust demand and support from four anchor investors.
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MNC Skyvision has a 70% market share in subscriber-based media services
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<div style="text-align: left;"> MNC Skyvision has a 70% market share in subscriber-based media services </div>

MNC Skyvision, an Indonesian pay-TV operator owned by media group Global Mediacom, has raised Rp2.15 trillion $220 million after pricing its initial public offering above the bottom end of the indicative range.

Reflecting strong investor interest, the base deal was fully covered on the first day of bookbuilding, which started on June 18, and the company ended up exercising the upsize option in full, increasing the deal by about 28%.

The IPO attracted about 75 institutional accounts and around 70% of the demand came from long-only investors, a source said yesterday. The final allocation is going to investors from Asia, including Indonesia, Europe and the US,...

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