To date, only one Indonesian taxi operator went public on the Indonesia Stock Exchange - Express Transindo Utama - which is Blue Birds largest rival for market leadership. The IPO of Express in November 2012 was successful and its shares surged over 181 percent since its first trading day (up to 18/09/13). Given that the Blue Bird Group is clear market leader in Indonesia's taxi sector and possesses a good record of services and management, the IPO is expected to be highly anticipated by investors.

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