PT Indonesia Kendaraan Terminal (IKT), a subsidiary of state-owned port operator PT Pelabuhan Indonesia (Pelindo) II, has set the initial public offering’s (IPO) price in the range Rp1,610 to Rp2,250 a piece, to raise up to 1.26 trillion. IKT will offer 561.1 million shares, representing 30% of its total issued and paid up capital, through IPO. The book building started on May 28 and will lasi in June 22, 2018. The offering is set for July 3-4, 2018. Listing on the Indonesia Stock Exchange (IDX) is scheduled for July 10, 2018. IKT will list 1.87 billion shares on IDX.