Television Station ANTV Conducts IPO on the Indonesia Stock Exchange
Indonesian television station Cakrawala Andalas Televisi (ANTV), owned by the controversial Bakrie Group, is conducting an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). Bookbuilding started today (28/02) and will continue up to 7 March 2014. Its listing on the IDX is planned for 27 March 2014. The company will offer 588.2 billion shares, 15 percent of its enlarged capital, to the public through this corporate action. Sinarmas Sekuritas has been appointed as underwriter of the IPO.