· Krakatau Steel will embark on a roadshow to the US and several Asian and European countries to promote its IPO. The company will initially sell 19.26% of its shares, however has committed to release as much as 30% making a possible 2 phase offering.
· The Minister of SOE, Mr. Mustafa Abubakar, stated that Rp4-5tn will be targeted from the IPO, higher from the previous statement made by management of only RP3-4tn. KS plans to use the funds for capacity expansion.
· IPO will be held on November 10, with underwriters Danareksa, Bahana and Mandiri Sekuritas.
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