Indonesia's Garuda is meeting resistance to its guide price for its initial public offering (IPO), which indicates it might raise less than its US$1 billion target. The Indonesian government reportedly insisted on a high price for Garuda, going against advice given by investment bankers.
Garuda faces struggle on IPO pricing
Latest News
Thursday, 27 January 2011
Indonesia's Garuda is meeting resistance to its guide price for its initial public offering (IPO), which indicates it might raise less than its US$1 billion target. The Indonesian government reportedly insisted on a high price for Garuda, going against advice given by investment bankers.
