JAKARTA: Indonesia’s third largest mobile phone operator, PT Excelcomindo Pratama, has priced its initial public offering at the upper end of its projected range, looking to raise 2.86 trillion rupiah. (US$286mil).
The company said yesterday it would offer a 20% stake, or nearly 1.43 million shares, at 2,000 rupiah each – near the top of a 1,600-2,100 rupiah range set earlier.
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