MPM prices Indonesia’s biggest IPO this year

The distributor of Honda motorcycles raises $150 million from the offering. In Hong Kong, another auto-related company, Mando China, is eyeing an IPO of about $250 million.
<div style="text-align: left;"> MPM sells Honda motorcycles in Indonesia </div>
<div style="text-align: left;"> MPM sells Honda motorcycles in Indonesia </div>
May 13, 2013

Mitra Pinasthika Mustika (MPM), the distributor of Honda motorcycles in Indonesia, has raised Rp1.455 trillion ($150 million) from its initial public offering after fixing the price at the bottom of the indicative range.

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