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Economy in brief: Mitra sets IPO price at Rp 17,000 per share
Hospital operator PT Mitra Keluarga Karyasehat aims to raise Rp 4
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ospital operator PT Mitra Keluarga Karyasehat aims to raise Rp 4.5 trillion (US$344.56 million) in an initial public offering (IPO) after setting the offering price at Rp 17,000 per share.
The company will sell 262 million shares in the IPO. It previously set an indicative price range of 14,500 to 18,000 rupiah per share.
Mitra Keluarga, an affiliate of the country's largest pharmaceutical company, Kalbe Group, said earlier that the company would launch the IPO between March 17 and 18, before a scheduled stock market listing later in the month.
Mitra Keluarga has appointed Kresna Graha Sekurindo, Deutsche Securities Indonesia, Morgan Stanley Asia Indonesia and UBS Securities Indonesia as underwriters.
Out of the total shares to be floated to the public, 189.16 million are divested by Lion Investment Partners BV, which currently holds 66 percent of Mitra Keluarga. Proceeds from the sales of the divested shares, around Rp 2.74 trillion to Rp 2.84 trillion, will be given to Lion as the seller, the company said.
