Sriwijaya Air, the third-largest airline in Indonesia, decided to postpone its initial public offering (IPO) on the Indonesia Stock Exchange - by one or two months - to April or May 2017 (initially the company targeted to conduct this corporate action in March 2017). Chandra Lie, President Director of Sriwijaya Air, said the airline needs more time to prepare the IPO. Lie added that it may also revise the number of shares that are offered to the public. Earlier, Sriwijaya Air planned to release 25 percent of its total outstanding capital stock.
Update COVID-19 in Indonesia: 228,993 confirmed infections, 9,100 deaths (16 September 2020)
18 September 2020 (closed)
USD/IDR (14,768) -110.00 -0.74%
EUR/IDR (17,496) -11.29 -0.06%
Jakarta Composite Index (5,059.22) +20.82 +0.41%