Jakarta Post

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video Weather icon 26°C
DKI Jakarta, Indonesia
26°C Light Rain

Rain until tomorrow morning, starting again tomorrow afternoon.

  • Thu

    26℃ - 31℃

  • Fri

    26℃ - 32℃

  • Sat

    27℃ - 32℃

  • Sun

    26℃ - 30℃

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...