The Lion Group, parent to Indonesia’s largest privately held airline Lion Mentari Airlines (Lion Air), targets to raise IDR 10 trillion (USD $820 million) by selling a 30 percent stake through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2016. If realized, this would be one of the largest IPOs on the IDX in recent years. Lion Group CEO Rusdi Kirana confirmed the company’s IPO plans earlier this week. Part of the proceeds will be used to develop a new airport in Lebak (Banten, West Java).
Update COVID-19 in Indonesia: 24,538 confirmed infections, 1,496 deaths (28 May 2020)
29 May 2020 (closed)
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