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
Jln. By Pass Ida Bagus Mantra,
Jln. Pucuk 1 No. 70X
Denpasar, Bali
Indonesia

24h:
+62 (0)812 3819724
Tel:
+62 (0)361 464 032, +62 (0)361 471 0242

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
Mythical Bird Scheduled for August Landing in South Bali
Garuda Wisnu Kencana Monument Promised to be Complete by August 2018
(4/22/2018)
The Cruelest Bite of All
Motorcycle Taxi Driver Who Had Tongue Nearly Bitten Off in Rape Attack Sentenced to 5.5 Years Prison
(4/22/2018)
A Sporting Chance
Bali Hopes to Win Bid to Host 2014 National Sports Games (PON-XX1)
(4/22/2018)
Fire: The Spirit of Creation
40th Bali Arts Festival June 16 Ė July 14, 2018
(4/22/2018)
Garuda Airways to Mumbai
Direct Flights between Bali and Mumbai Now Available from Garuda Indonesia
(4/22/2018)
An Evening of Mosel Valley Wines In Bali
Selbach-Oster Tastemaker Wine Dinner at St. Regis Baliís Kayuputi Restaurant on May 10, 2018
(4/22/2018)
Seeking the Full Extent of the Law
Bali Guides Protest Lenient Handling by Police of Criminal Assault by Illegal Guide Working in Bali
(4/22/2018)
Ultimate Golf in Bali
Ultimate Golf Series on Sunday, April 29, 2018 at Bali National Golf
(4/22/2018)
Citilink Goes Guotidian Bali-Makassar
Citilink Indonesia Opens Daily Round-trip Service Between Bali and Makassar
(4/22/2018)
Just Beyond Bali: Banyuwangi
AirAsia Executives Visit Banyuwangi to Survey Possibility of Including Destination in their International Route Network
(4/22/2018)
Bali: Welcoming to Foreigners Who Donít Work
Number of Registered Foreign Workers in Bali on the Decline
(4/22/2018)
The Idle Rich
Rich Prada Hotel Legal Missteps Leads to Closure by Badung Regency Officials in Bali
(4/22/2018)
All [News]!