PT Garuda Indonesia, nations flag carrier may sell shares in its upcoming initial public offer at between IDR750 and IDR1,100 each. Garuda plas to sell 9.36 billion shares, equivalent to a 36.5% stake to public.
The airline will begin roadshows for the IPO on Jan. 14, with a listing in Jakarta slated for Feb. 11, according to a term sheet seen,
The company was appointed Citigroup Inc. and UBS AG as the international bookrunners for the IPO, and PT Bahana Securities, PT Danareksa Sekuritas and PT Mandiri Sekuritas as the domestic bookrunners.
Wednesday, January 12, 2011
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