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View all search resultsMultifiling to raise Rp 54 billion from IPO
JAKARTA: Record management service company Multifiling Mitra Indonesia, a subsidiary of Lippo Group’s Multipolar, aims to raise up to Rp 54 billion from an initial public offering (IPO) by the end of the month
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J
AKARTA: Record management service company Multifiling Mitra Indonesia, a subsidiary of Lippo Group’s Multipolar, aims to raise up to Rp 54 billion from an initial public offering (IPO) by the end of the month.
Multifiling will offer its initial shares at between Rp 190 and Rp 210 apiece, valuing the IPO at between Rp 48.94 billion and Rp 54.09 billion, the company said in a statement on Friday.
President director Sylvia Kertawihardja said in a statement that the archiving firm would offer 257.58 million new shares in the offering, representing 34 percent of enlarged capital.
“About 65 percent of the proceeds will be used to fund warehouse development to archive new documents.
“The remaining 35 percent is for the company’s capital expenditure,” she said.
Ciptadana Securities has been appointed as sole underwriter for the IPO, which will take place from Dec. 21 to 22, with the bookbuilding process starting Friday and lasting until Dec. 10. — JP
