Poultry producer PT Widodo Makmur Unggas (WMU) plans to launch the initial public offering (IPO) in October this year, targeting to raise Rp2 trillion. Its parent company, Widodo Makmur Perkasa Group, also planned to go public with an IPO of the same size next year. The Widodo Makmur Group was founded in 1995, starting with cattle fattening based in Klaten. In 1999, its business base was moved to Jakarta under PT Widodo Makmur Perkasa, importing 1,500 cows from Australia.
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