PT Visi Media Asia Tbk, parent company of TVOne, ANTV, and Vivanews.com owned by Bakrie Group, has set its initial public offering (IPO) at Rp280 per share.
Referring to the price, Visi Media is eyeing Rp640 billion from the IPO. During the book building process, Visi Media obtained oversubscribed demand from investors.
According to Vicky Ganda Saputra, Director Executive of PT Danatama Makmur, the IPO price is the highest level of the offer. Danatama Makmur and Ciptadana Securities are the IPO lead underwriters.
Disclosure: No position at the stock mentioned above.
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