The initial public offering (IPO)of PT Krakatau Steel scheme will surely be materialized following the approval given by the House of Representatives(DPR)' Working Committee for Privatization to the corporate action.
Danareksa Sekuritas has chances to handle the KS IPO noting that the company gives the cheapest fee offer. However, the government still calculates the other assessment points due to the stand by buyer consideration.
There is tight competition for fee among the securities companies to get KS IPO. From the IPO, KS target to rake some IDR5 trillion fund. So far there are three securities companies shortlisted, namely PT Danareksa Securities, PT Bahana Sekuritas, and Mandiri Sekuritas.
Tuesday, September 9, 2008
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