In today’s briefing:
- Pertamina Geothermal IPO: Valuation Insights
Pertamina Geothermal IPO: Valuation Insights
- Pertamina Geothermal (0125738D IJ)/PGE, a subsidiary of PT Pertamina (Persero) (PERT IJ), is seeking to raise up to US$600 million at a narrowed price range of IDR875-880 per share.
- We previously discussed the IPO in Pertamina Geothermal IPO: The Investment Case.
- PGE is attractively valued at the IPO price range. We would participate. Books will be closed on 10 February and the shares will start trading on 24 February.
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