Chicken producer Widodo Makmur hatches IPO plan

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By Jonathan Breen
11 Jan 2021

Indonesian chicken producer Widodo Makmur Unggas is aiming to raise up to Rph1.18tr ($84m) from the country’s largest IPO in over a year.

The deal marks a strong start to 2021 for Indonesia’s primary equity capital market, following a Rph1tr IPO from Fap Agri, a palm oil company, on January 4. The largest listing last year was in February by Metro Healthcare, which raised Rph1.03tr, according to data compiled by Dealogic.

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