JAKARTA, April 3 Indonesian private equity firm
PT Saratoga Investama Sedaya aims to raise at least $1 billion
from its initial public offering and a listing for its
automotive distribution unit this year, the firm's co-founder
said on Wednesday.
"In terms of the value of shares we will float from the two
IPOs, we expect to generate more than $1 billion," said Sandiaga
Uno, chief executive of Saratoga.
Sources told Reuters earlier this week that Saratoga expects
to raise around $200 million in its own IPO, which would be the
first equity offering by a private equity firm on the Jakarta
market, though Uno declined to confirm the amount.
His comments mean that a planned second quarter listing of
unit PT Mitra Pinasthika Mustika could raise as much as $800
million, in another sign that Indonesia's IPO market is picking
up steam this year..
Mitra has appointed Morgan Stanley and Deutsche Bank as the
underwriters, Uno said.
(Reporting by Janeman Latul; Writing by Neil Chatterjee;
Editing by Louise Heavens)