Integrated energy company PT ABM Investama Tbk has determined the IPO price at Rp3,750 per share from the range of Ro3,250-Rp4,650 per share. Referring to the price, ABM Investama will bag Rp2.6 trillion proceed.
A source, as quoted by Bisnis Indonesia today, said the company will sell 20% stake during the IPO. PT Macquarie Securities and PT Mandiri Sekuritas are acting as the lead underwriter, while Morgan Stanley is a global coordinator for the IPO.
Disclosure: No position at the stock mentioned above.
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