{
    "success": true,
    "data": {
        "id": 1521067,
        "msgid": "lestari-completes-ipo-1447893297",
        "date": "1997-12-05 00:00:00",
        "title": "Lestari completes IPO",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Lestari completes IPO JAKARTA (JP): PT Astra Agro Lestari, a subsidiary of the country's automaker Astra International, announced yesterday that its initial public offering (IPO) of shares, which was closed last week, was oversubscribed. The company said in a statement yesterday it offered around 125.8 million shares to the public at a price of Rp 1,550 each to raise approximately Rp 195 billion in fresh funds from the public.",
        "content": "<p>Lestari completes IPO<\/p>\n<p>JAKARTA (JP): PT Astra Agro Lestari, a subsidiary of the<br>\ncountry&apos;s automaker Astra International, announced yesterday that<br>\nits initial public offering (IPO) of shares, which was closed<br>\nlast week, was oversubscribed.<\/p>\n<p>The company said in a statement yesterday it offered around<br>\n125.8 million shares to the public at a price of Rp 1,550 each to<br>\nraise approximately Rp 195 billion in fresh funds from the<br>\npublic.<\/p>\n<p>&quot;The offering was well supported by both domestic and foreign<br>\ninvestors who met the company during the road show,&quot; the<br>\ncompany&apos;s president Benny Subianto said.<\/p>\n<p>The statement said that 82.7 percent of the stocks were<br>\nallocated for institutional investors and the remaining 17.3<br>\npercent for retail investors.<\/p>\n<p>The oil palm plantation Astra Agro Lestari has 164,000<br>\nhectares of plantation, with palm oil accounting for 92 percent<br>\nof the total area and the remaining 8 percent for rubber, tea and<br>\ncocoa. (aly)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/lestari-completes-ipo-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}