Jun 19, 2025, 12:00 AM
Jun 19, 2025, 12:00 AM
Chandra Daya plans IPO to boost growth and value at $1.4 billion
- Chandra Daya Investasi plans to launch an IPO to value itself at 23.7 trillion rupiah ($1.4 billion).
- The company aims to raise up to 2.4 trillion rupiah ($144 million) by selling new shares to expand its operations.
- This initiative is part of Chandra Daya's strategy to enhance their logistics and energy services while fostering growth in the sector.
In Indonesia, infrastructure company Chandra Daya Investasi, backed by billionaire Prajogo Pangestu's petrochemical firm Chandra Asri Pacific, is gearing up for an initial public offering (IPO). The IPO aims to value the company at 23.7 trillion rupiah or approximately $1.4 billion. The company operates a significant power plant and logistics facilities just outside Jakarta. It plans to sell up to 12.4 million new shares, amounting to a 10% stake, priced between 170 and 190 rupiah each; this could generate up to 2.4 trillion rupiah or $144 million.
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