Steel Pipe Industry prices Indonesia’s first IPO this year

The Indonesian maker of steel pipes attracts strong demand from both domestic and international investors as it aims to raise $88 million.
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Steel Pipe's products find their way into everything from bicycles and street lamps to airports and bridges
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<div style="text-align: left;"> Steel Pipe's products find their way into everything from bicycles and street lamps to airports and bridges </div>

Steel Pipe Industry, Indonesia’s biggest producer of steel pipes by capacity, will raise Rp855.5 billion ($88.2 million) from its initial public offering after fixing the price below the mid-point of the indicative range.

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