MNC Group, controlled by businessman cum politician Hary Tanoesoedibjo, launched initial public offering (IPO) of MNC Networks (IPTV) five years ago at Rp240 per share to raise Rp845.3 billion. It was valued Rp8.4 trillion or so. On Monday (Nov 18), the stock was traded at Rp25 to make a market value of Rp1.1 trillion only, losing 90% from IPO.To subscribe please click here
