Archi Indonesia: US$7 Billion?

Bisnis Indonesia reported this morning that PT Archi Indonesia, controlled by tycoon Peter Sondakh, plans an initial public offering (IPO) of 10-20% shares to raise US$700 million. That means Archi Indonesia, parent of some gold producing and exploration assets, is valued between US$3.5 billion and US$7 billion. That much?

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