JAKARTA (Yosefardi) – PT Blue Bird Tbk, the largest taxi operator in the country, has cut its offering shares to public (IPO) to 376.5 million, or 15.04% of its totaled issued and paid up shares capital, from initial plan of 531.4 million shares.
It has also priced its IPO shares at Rp6,500 per share, to raise total proceeds of Rp2.447 trillion, used to pay loans (53%), and to fund the capital expenditure (47%).
The offering of shares starts today and will last tomorrow. Listing at stock exchange is set for November 5, 2014. PT Pusaka Citra Djokosoetono controls 37.17% shares of Blue Bird.
In the first four months of 2014, Blue Bird booked net profit of Rp271 billion.