Indonesia's MNC Studios seeks to raise up to $71m via IPO

Indonesia's MNC Studios seeks to raise up to $71m via IPO

MNC Studios International, the media arm of Indonesian conglomerate MNC Group, is looking to raise $71.25 million in an initial public offering at the Indonesian Stock Exchange, the company has announced.

The company says in its prospectus that it plans to sell around 29.98 per cent of its stake, or 1.56 billion new shares, at a price range of 500-650 rupiah apiece.

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