The Indonesian government has delayed a decision on the final pricing for an initial public offering of national flag carrier PT Garuda Indonesia until Wednesday, said Mustafa Abubakar, the state-owned enterprises minister, on Tuesday.
Garuda Indonesia's hopes for a high-flying $1.1 billion IPO may fail to get off the ground because it has been priced so richly that foreign investors have been scared away, sources told Reuters earlier on Tuesday. Source: Reuters
Garuda Indonesia's hopes for a high-flying $1.1 billion IPO may fail to get off the ground because it has been priced so richly that foreign investors have been scared away, sources told Reuters earlier on Tuesday. Source: Reuters
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