Indonesian media firm Net Visi plans $14m IPO in August

Indonesian currency Rupiah on hold by a cashier. Photo: Reuters

PT Net Visi Media, an Indonesian media firm, plans to raise 200 billion rupiah ($14 million) in an initial public offering (IPO) in August, its underwriter told media.

The company has already raised 800 billion rupiah in convertible bonds, which will be converted to shares upon listing, said the head of its underwriting firm Korindo Sekuritas, Jeffry Wikarsa.

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