Steel Pipe Industry prices Indonesia’s first IPO this year

The Indonesian maker of steel pipes attracts strong demand from both domestic and international investors as it aims to raise $88 million.
<div style="text-align: left;">
Steel Pipe's products find their way into everything from bicycles and street lamps to airports and bridges
</div>
<div style="text-align: left;"> Steel Pipe's products find their way into everything from bicycles and street lamps to airports and bridges </div>

Steel Pipe Industry, Indonesia’s biggest producer of steel pipes by capacity, will raise Rp855.5 billion ($88.2 million) from its initial public offering after fixing the price below the mid-point of the indicative range.

¬ Haymarket Media Limited. All rights reserved.

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].

Share our publication on social media
Share our publication on social media