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

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter