Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Plop, Plop, Fizz, Fizz
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Plop, Plop, Fizz, Fizz

Indonesia's Minister of Finance Analyzes Why Garuda Indonesia IPO Failed to Fly.


Bali News: Bali, Indonesia, Garuda Indonesia, IPO, Minister of Finance D.W. Martowardojo
Click Image to Enlarge

(2/21/2011)

The extremely disappointing outcome of Garuda Indonesia's Initial Public Offering (IPO) has degenerated to the post-disaster finger-pointing phase. With a closing price per share of only Rp. 590 (US$0.065) against an already downwardly revised projected price of Rp. 750 per share, reports in the Indonesian press now see the Indonesian Minister of Finance D.W. Martowardojo blaming Garuda for poor planning and preparation.

Martowardojo said Garuda failed to adequately prepare for their IPO debut and should have undertaken corporate consolidation or a reverse merger prior to going public.

In its IPO the national carrier offered 6.34 billion or 27.89% of its shares to the public comprised of 4.4 billion new Series B Shares and 1.94 shares owned by Bank Mandiri. The IPO was underwritten by three guarantors committed to purchasing 5.23 billion shares at a value of Rp. 3.92 trillion (US$435 million).

In the end, according to Bisnis Indonesia, 3.01 billion shares of Garuda were acquired by the underwriters, meaning only 2.22 billion shares at a cost of Rp. 1.66 trillion (US$184 million) were taken up by the public. 3.33 billion shares were taken up by some 11,069 parties from public sector via pooling and fixed allotments.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Cherish the Children
4th Asian Forum on the Rights of Child Hosted at Bali Safari and Marine Park
(11/28/2016)
A Holiday that Sparkles Like a Jewel
Celebrate The Holiday Season At The John Hardy Ubud Workshop & Showroom
(11/27/2016)
That’s the Lot
Tanah Lot On Target to Receive Record Number of Visitors for 2016
(11/27/2016)
Missing Punters
Water Sports Operator at Tanjung Benoa at a Loss to Explain Sudden Downturn in Business
(11/27/2016)
Keeping AIDS at Bay with ARV in Bali
Bali Supply of ARV to Manage HIV Cases in Bali is Sufficient
(11/27/2016)
License and Registration, Please
Gianyar, Bali Police Ticket 1,500 Motorists in First Nine Days of ‘Operasi Zebra Agung’
(11/27/2016)
One out of a Dozen
Only One Minister Out of 12 Invited Show Up for One Day Study Tour of Nusa Penida
(11/27/2016)
The Capital of Merriment at Year’s End
Denpasar Festival December 28-31, 2017
(11/27/2016)
Bless Our Beasts, Great and Small
‘Tumpek Kandang' – A Day Dedicated to Animals Celebrated at Bali Safari & Marine Park
(11/27/2016)
Eliminating Japanese Encephalitis in Bali
Bali Selected for Japanese Encephalitis Vaccine Pilot Project in 2017
(11/27/2016)
Narrow Squeak with the Law
Australian Teenager Flies Home to Australia After Spending Two Days with Bali Police After Suspicious Substance Found in His Possession
(11/27/2016)
Tourism Needs a Firm Foundation
North Bali Tourism Needs Infrastructure Support
(11/27/2016)
All [News]!