Jakarta (ANTARA News/Asia Pulse) - The Indonesian initial public offering (IPO) of retail trading and distribution company PT Sumber Alfaria Trijaya (Alfamart) was 25 per cent oversubscribed, a company official said.
Alfamart planned to sell 10 per cent of its shares worth Rp135.5 billion (US$12.3 million) in the IPO, an underwriter for PT Ciptadana Securities said.
Ciptadana and PT Indopremnier Securities have been named underwriters for the IPO with 343.17 million shares to be listed today on the Indonesian Stock Exchange.
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