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Singapore IPOs: Why I No Longer Cover Every Listing

Some readers may have noticed that I have not been writing about every Singapore IPO since last year. The simple reason is that life has become busier. Between my day job, an increasingly packed travel schedule, family commitments and desire to play more golf, I have become much more selective about how I spend my time.  Writing detailed IPO reviews takes time — reading prospectuses, analysing financials, comparing valuations and understanding the competitive landscape. While I still enjoy investing and writing, I no longer feel the need to cover every IPO that comes to market. Instead, going forward, I will probably focus only on IPOs where I am seriously considering investing my own money or where there is something particularly interesting that is worth discussing. I suspect this will make the blog more useful as well. Rather than writing about every deal, I can spend more time sharing my thoughts on the handful that I believe deserve attention. That bring...

Indofood Consumer Branded Products

30/08/2010
Indofood Consumer Branded Products to launch IPO on 28-30 September, appoints underwriters 
Story
Indofood Consumer Branded Products (ICBP), a unit of Indonesian foods company Indofood Sukses Makmur, plans to launch an initial public offering of a 20% stake on 28–30 September 2010. A report in the online edition of Kontan cited the company’s IPO prospectus. ICBP will use 70%-80% of the IPO proceeds for settling its debt and the remaining funds will be used to boost its working capital, the item noted. In the first quarter 2010, ICBP got IDR 4.11tn in loans from its shareholders, the report added.

The company appointed Kim Eng Securities, Credit Suisse Securities Indonesia, Deutsche Securities Indonesia and Mandiri Sekuritas underwriters for the offering, according to the report.

ICBP plans to raise IDR 4tn–IDR 5tn (USD 555m) from the IPO.
Source
Kontan
Value
USD 555m (targeted IPO proceeds)
Stake Value
20%
 

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