Mr DIY Indonesian business plans IPO to raise up to US$297mil

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Mr DIY,Indonesia,IPO

KAJANG: Four people were rescued following a fire at a two-storey shophouse and three adjacent shops at Kampung Sungai Chua.

. will list shares in Jakarta through an initial public offering that seeks to raise as much as 4.7 trillion rupiah , in what would be the nation’s biggest listing in more than a year.

It will take investor orders from Monday until Dec. 3 and expects to list the shares on Dec. 19. Bloomberg News in September reported the company was considering listing its shares as early as this year in a deal that could raise as much as $300 million.

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