Rajawali group calls off Archi IPO

Flotation of gold mining assets cancelled in the face of weak sentiment for commodity plays.

Indonesia's Rajawali group pulled the initial public offering for its gold mining assets on Wednesday after failing to generate sufficient demand despite extending the institutional book-building period by an additional nine days.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media