Concrete & Brick

Waskita Beton plans biggest IPO since 2000

14 December, 2020

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The Indonesian firm offers as much as 10b shares

In Indonesia, PT Waskita Beton Precast plans to raise up to USD402 million in what could be the country's biggest initial public offering (IPO) since 2000, reports Bloomberg.

The company aims to sell to sell 10.54 billion shares at 400 to 500 rupiah each, according to Donny Arsal, a director at PT Mandiri Sekuritas.

Waskita Precast plans to offer 40 percent of its equity. The IPO values the company at 10 trillion to 13 trillion rupiah.

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