Indonesia Tobacco targets to raise $4.38m in IPO, eyes exports to India

An electronic ticker board displays stock prices inside the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia, on Thursday, Dec. 17, 2015. Photographer: Dimas Ardian/Bloomberg

Indonesia Tobacco is targeting to raise up to $4.38 million in its initial public offering in July as it seeks to expand into the Indian market by way of exports.

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