In today’s briefing:
- Chandra Dayua Pre-IPO: Very Expensive, Avoid
Chandra Dayua Pre-IPO: Very Expensive, Avoid
- Chandra Dayua Investasi (2556380D IJ) is looking to raise up to $145m in its upcoming Hong Kong IPO.
- It is the infrastructure arm of Chandra Asri Pacific (TPIA), backed by Indonesian billionaire Prajogo Pangestu.
- In this note, we examine the IPO dynamics, and look at the firm’s valuation.
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