Garuda to go public

Indonesia's Garuda Indonesia has announced an initial public offering (IPO) to raise about US$500m for 35.6 per cent of the carrier's equity, giving the company a market value of about US$1.4 billion.

Garuda to go public

Indonesia's Garuda Indonesia has announced an initial public offering (IPO) to raise about US$500m for 35.6 per cent of the carrier's equity, giving the company a market value of about US$1.4 billion.