Indonesian shipping company Sillo Maritime Perdana, which provides offshore support vessels, plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The company set the indicative price for its IPO in the range of IDR 117-140 a piece. By issuing 600 million new shares, or 23.08 percent of its enlarged share capital, Sillo Maritime Perdana targets to collect roughly IDR 77 billion (approx. USD $5.7 million) in funds from the IPO. Lautandhana Securindo and UOB Kay Hian Securities were appointed as underwriters for the IPO.
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