Indonesia’s Reliance Capital seeks additional underwriter for $300m IPO

Indonesia’s Reliance Capital seeks additional underwriter for $300m IPO

People walk past a statue of a bull as they enter the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia. Photographer: Dimas Ardian/Bloomberg

Indonesia-based diversified financial services group Reliance Capital Management (RCM) is seeking an additional underwriter for a planned $300-million IPO on the local bourse, CEO Joel Hogarth told DEALSTREETASIA.

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