Insurance firm PT Asuransi Tugu Pratama Indonesia Tbk has this morning kicked off its initial public offering (IPO) for 281.35 million shares, representing 15% of its total issued and paid-up capital. It also allocates 5% for employee stock allocation (ESA) program. The book building is scheduled for April 11-23, 2018 and the offering is set for May 7-9, 2018. Listing on Indonesia Stock Exchange (IDX) is targeted for May 15, 2018. Acting as underwriters are Danareksa Sekuritas Indonesia and Mandiri Sekuritas.
To subscribe please click here
