IPOs in Indonesia: Adaro Energy Unit Expected to List in 2018
Adaro Logistics, a subsidiary of Indonesian coal mining company Adaro Energy, is expected to undertake an initial public offering (IPO) on the Indonesia Stock Exchange in 2018. Garibaldi Thohir, President Director of Adaro Energy, is optimistic about the potential of publicly listing the unit in Indonesia as prospects for Indonesia's equity market are promising. Moreover, when a company goes public then it becomes more transparent, and this should improve the company's management.