Atlas delays listing despite getting covered order book

Indonesian coal miner Atlas Resources pushed back the pricing of its $100m initial public offering on Wednesday, despite having enough demand to cover the book. The company was still negotiating with its bankers about where the deal should be priced when EuroWeek Asia went to press. It is now expected to price at the bottom of its range on Friday. The company is planning to sell around 783m primary shares for Rp1,500-Rp1,900 each on Wednesday, but kept the deal in execution while it debated the best way to hit its $100m target.