Feb 17, 2011

Credit Suisse arranges Visi Media IPO

PT Visi Media Asia, a business group belonging to Aburizal Bakrie, appoints Credit Suisse as the international underwriter to handle the initial public offering (IPO) of the company this year.
Presiden Direktur Viva Media Grup Anindya N. Bakrie said that the company will be assisted by four underwriters, namely PT Ciptadana Securities, PT Danatama Makmur, and Credit Suisse.
“Our global underwriter is Credit Suisse, and we have invited them. Moreover, we have Danatama and Ciptadana,” he said yesterday.
Visi Media Asia is a media conglomerate that controls two TV stations, TV One and Antv, and an online news portal Vivanews.
There has been rumor saying that Visi Media will release 20%-30% shares to public. From the IPO, the company is predicted to get Rp1 trillion.
However, Anindya declined to disclose the portion of ownership to be released and the amount of cash targeted from the IPO.

Disclosure: No position at the stock mentioned above.  

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