- ANTARA/Ismar Patrizki
VIVAnews - The underwriters of state-owned airline PT Garuda Indonesia Tbk took all the unpurchased shares in the IPO worth Rp2.25 trillion (US$252 million).
The Stock Exchange data shows that the shares taking over by the underwriters reached 3.008 billion, 47.5 percent of the offered shares. In the IPO, Garuda offered 6.33 billion shares at Rp750 per share.
Managing Director of Danareksa Sekuritas, Marciano Herman, denied the rumor saying that Garuda's shares have earned less buyers. "We see that Garuda has fine potentials," he said today, Feb 11.
Regarding the falling stock prices during the IPO, Marciano said secondary market will not have been affected by the issue.
The GIAA-coded shares dropped since early minutes of IPO opening.
The joint lead underwriters include PT Mandiri Sekuritas, PT Bahana Securities, and PT Danareksa Sekuritas.
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