JAKARTA (Yosefardi) – PT Archi Indonesia, subsidiary of PT Rajawali Corpora, plans to launch the initial public offering (IPO) for 15-20% shares, targeting to raise US$200 million, equivalent Rp2.39 trillion.
The IPO is scheduled for end of this year. The company had conducted a mini expose with the Indonesia Stock Exchange (IDX).
Archi is also said to plan global offering including in United States. Archi had assigned 4 securities companies, including PT Danareksa Sekuritas, to act as underwriters for the IPO.