Cikarang Listrindo raises $275m, becoming Indonesia's largest IPO in 2016

Cikarang Listrindo raises $275m, becoming Indonesia's largest IPO in 2016

Photo by Cikarang Listrindo

Indonesian power company PT Cikarang Listrindo Tbk set the initial public offering (IPO) at Rp1,500 per share after marketing its 2.5 billion shares – raising Rp3.75 trillion ($275.74 million), said sources close to the deal.

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