Cikarang Rph4.8tr IPO shows Indonesia potential
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Asia

Cikarang Rph4.8tr IPO shows Indonesia potential

electricity pylons at sunset px230 for gc

Indonesian power producer Cikarang Listrindo is wrapping up the largest IPO in Indonesia in nearly five years this week. The country’s equity capital markets have been quiet this year, but that could be changing as Cikarang shows there is a strong level interest in the country from international investors. Jonathan Breen reports.

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