PT PP Presisi, unit of state-owned construction firm PT PP Tbk (PTPP), has set its IPO price at Rp430-550 billion. It plans to offer 4.24 billion shares, representing 35% of its total issued and paid-up capital. PP Presisi expects to raise total fund of Rp1.8-2.3 trillion. The company appointed PT Danareksa Sekuritas, PT Bahana Securities, PT Mandiri Sekuritas and PT CIMB Sekuritas as underwriters. PP Presisi booked new contracts of Rp2.5 trillion during Jan-Jul 2017 period.