Life insurances firm PT Asuransi Jiwa Syariah Jasa Mitra Abadi (JMA Syariah) plan to launch the initial public offering (IPO) for 400 million shares, representing 40% of its total issued and paid-up capital, priced at Rp100 per unit, expecting to raise Rp50-60 billion funds. The book building for this IPO is scheduled for tomorrow (Nov 28) while listing at stock exchange is set for Dec 18, 2017. JMA Syariah targets to add 6 new insurance products for invidual. Currently the Company has 10 insurance products.
