Market Chatter: Mr. DIY Group's Indonesian Affiliate to Raise Up to 4.7 Trillion Indonesian Rupiah in IPO

MT Newswires Live

2024/11/25

Daya Intiguna Yasa is eyeing to raise up to 4.7 trillion Indonesian rupiah through a public listing on the Indonesia Stock Exchange on Dec. 19, Bloomberg News reported Monday.

The company's IPO will entail an issue of up to 2.5 billion shares, including 2.3 billion shares held by shareholder Azara Alpina, priced between 1,650 rupiah and 1,870 rupiah each, the news outlet said.

Daya Intiguna Yasa is an affiliate of Malaysian home-improvement retailer Mr. DIY Group (M) (KLSE:MRDIY).

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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