Tag: Indonesia Kendaraan Terminal

IPO & Fund Raisings

Newly-elected President Director of IDX Inarno Djajadi has set the target of 25 to 30 new listed firms or IPOs in 2019. This target is lower than the target set in for this year, perhaps in anticipation of the impact of the general election in 2019. That said the IDX has set the target of 40 IPOs for 2020.

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IPO to Watch: IKT

PT Indonesia Kendaraan Terminal (IKT), a subsidiary of state-owned port operator PT Pelabuhan Indonesia (Pelindo) II, has this morning kicked off the initial public offering (IPO) for 561.1 million shares, representing 30% of its total issued and paid up capital. The company has not set the price yet but earlier it said to target Rp1 trillion from this IPO.

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