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Jakarta Post
The Jakarta Post
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Ranch Market downsizes IPO to at least US$14 million

  • The Jakarta Post

| Tue, May 15 2012 | 08:56 am

PREMIUM PT Supra Boga Lestari, which runs Ranch 99 Market and Farmers Market retail outlets, is looking to collect between Rp 135 billion (US$14 million) and Rp 159 billion in an initial public offering (IPO), aiming to open four new stores this year.

The company previously aimed to raise between Rp 200 billion and Rp 300 billion by offering a 20 percent stake, or 312 million new shares, but Kresna...