Jun 16, 2011

Visi Media sets IPO at Rp260-Rp285

PT Visi Media Asia Tbk (VIVA), parent company of TVOne, ANTV, and Vivanews.com, has set the IPO price at Rp260-Rp285 per share, enabling the company to grab Rp587 billion-Rp644 billion proceed.
Brokerage firm PT Minna Padi Investama has also priced its IPO at Rp395 per share, reflecting Rp118.5 billion proceed.
Visi Media will offload 2.26 billion new shares or representing 14.21% of its enlarged capital and Minna Padi will sell 300 million shares or 23.07% stake.

Disclosure: No position at the stock mentioned above.

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