RPT-Indonesian auto distributor Mitra plans $206 mln IPO in May

Newswire

JAKARTA, April 26 (Reuters) - Indonesian automotive distributor PT Mitra Pinasthika Mustika, plans to raise up to 2 trillion rupiah ($206 million) in an initial public offering next month, underwriters said on Friday. Mitra Pinasthika, controlled by private equity firm Saratoga Investama Sedaya, is offering 1.015 billion shares, equivalent to 28 percent of its equity. It set an IPO price range of 1,500-2,000 rupiah a share. Morgan Stanley, ...

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