Samudra Energy launches Singapore IPO

Indonesian group hopes to become Southeast Asia's largest energy company on the Singapore Stock Exchange.

Roadshows begin on Friday for a S$248 million to S$276.3 million $200 million to $222.8 million initial public offering by Indonesian oil and gas producer Samudra Energy.

If the listing is successful, the company will become Southeast Asia's largest energy group by assets on the Singapore Stock Exchange. 

The prospective Singapore listing consists of 131.1 million shares, with up to 90 million shares on offer to institutions and retail investors, plus a further offering of up to 45.1 million to four cornerstone investors.

These four comprise Caprice Capital International the private equity arm of former Hong Leong executive Paul Poh who has invested...

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