Two More Companies Set to Float Their Shares on IDX
March 08, 2010
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Two more firms have confirmed plans to launch initial public offerings in the second quarter of this year, Eddy Sugito, director of listing at the Indonesia Stock Exchange (IDX), said on Monday.
He said the two companies were PT Golden Prima Retailindo, the operator of the Golden Truly supermarket chain, and PT Evergreen Invesco.
Eddy said GPR wanted to raise about Rp 50 billion ($5.5 million), while Evergreen’s target was about Rp 100 billion. “They will list their shares around April or May of this year,” he said.
The IDX has targeted 25 IPOs this year. Four companies have listed on the stock exchange since January.
JG
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