PT Kino launches rare Indonesian IPO

Consumer goods company launches only the second $100 million-plus initial public offering of the year from Indonesia.
Will this IPO have a fairy tale ending?
Will this IPO have a fairy tale ending?

PT Kino, an Indonesian consumer goods company, has launched a Rp1.07 trillion to Rp1.493 trillion $79 million to $110 million initial public offering that marks only the second $100 million-plus deal of the year from the country.

Issuance has been extremely sparse given the Fed-related headwinds facing the country, which have made its stock market and currency one of the worst performing in the region during 2015. 

The Jakarta Composite Index JCI remains down 9.78% on the year despite October's 13.85% rally and the rupiah is 9.78% weaker against the dollar year-to-date, although it also rebounded sharply in October and has retraced 7.43% of its losses...

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