Erajaya IPO

Indonesian mobile retailer kicks off $200 million IPO

Erajaya, the country's leading mobile phone retailer, is offering up to 40% of its share capital. Meanwhile, Xinyi Glass cancels the spin-off of its solar glass unit and, in Thailand, Big C postpones its rights issue EGM due to floods.

Anette Jönsson

November 18, 2011

Indonesia’s biggest retailer of mobile phones and other wireless communication products, Erajaya Swasembada, has kicked off the institutional bookbuilding for an initial public offering that is aiming to raise up to $200 million, or about Rp1.8 trillion.

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