Waskita builds biggest Indo listing since 2011

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By GlobalCapital
11 Aug 2016

Waskita Beton Precast is poised to raise up to Rph5.27tr ($402.63m) in what could be Indonesia’s largest IPO in five years, with the firm launching a two week roadshow on Wednesday.

A unit of state-owned construction firm Waskita Karya, Waskita Beton’s listing will be the country’s largest since Salim Ivomas Pratama’s May 2011 IPO that raised Rph3.48tr, according to Dealogic.

The float is led by domestic banks Bahana Securities, Danareksa Sekuritas and Mandiri Sekuritas. The same banks underwrote its parent ...

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