JAKARTA: Shares in PT Bank Rakyat Indonesia look set to rise more than 10% when they begin trading on Monday in the country's biggest IPO since the Asian financial crisis, adding to signs of renewed confidence in the economy.
The privatisation of Indonesia's fourth largest bank could generate up to 4.63 trillion rupiah (US$545mil) for the cash-strapped government, topping July's initial public offering of sector leader PT Bank Mandiri Tbk.
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