10-Jan-2011 12:26 PM
Garuda to finally launch IPO
Analysis
Garuda Indonesia commenced pre-marketing its IPO marking the start of the long-awaited offering. Back in Nov-2010, when the carrier originally planned to launch the offering, it had planned to raise up to USD400 million. The carrier has since revised these plans and is now aiming to raise up to USD500 million through the sale of 9.4 billion shares.
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