PT Buyung Poetra Sembada (BPS) has set its IPO price at Rp310, to raise proceeds of Rp217 billion. It will offer 700 million shares through the initial public offering (IPO), representing 29.29% of its total issued and paid-up shares capital. BPS will also offer 70 million warrants as sweetener. The offering is set for today and tomorrow, while listing at stock exchange is targeted for June 22, 2017. Acting as underwriters for this IPO are Bahana Sekuritas, RHB Sekuritas Indonesia, and Trimegah Sekuritas Indonesia.
