{
    "success": true,
    "data": {
        "id": 1551507,
        "msgid": "sentul-oversubscribed-1447893297",
        "date": "1997-07-15 00:00:00",
        "title": "Sentul oversubscribed",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Sentul oversubscribed JAKARTA (JP): PT Royal Sentul Highlands's recent initial public offering (IPO) was oversubscribed by 500 percent due to high demand from both local and foreign investors, the company announced yesterday. Avi Dwipayana, the president of PT Trimegah Securities, said the demand was such that many investors missed out on buying shares.",
        "content": "<p>Sentul oversubscribed<\/p>\n<p>JAKARTA (JP): PT Royal Sentul Highlands's recent initial<br>\npublic offering (IPO) was oversubscribed by 500 percent due to<br>\nhigh demand from both local and foreign investors, the company<br>\nannounced yesterday.<\/p>\n<p>Avi Dwipayana, the president of PT Trimegah Securities, said<br>\nthe demand was such that many investors missed out on buying<br>\nshares.<\/p>\n<p>Royal Sentul, an urban development company, sold about 400<br>\nmillion shares or around 28 percent of its enlarged stock during<br>\nits IPO early this month. The demand was six times the available<br>\nshares.<\/p>\n<p>The company, which sold shares at a nominal value of Rp 500,<br>\nraised around Rp 200 billion (about US$83.33 million) from the<br>\nIPO.<\/p>\n<p>The company is developing a modern township in Sentul, near<br>\nBogor, West Java. Around 1,000 houses have been built on the<br>\n2,465-hectare project. (hen)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/sentul-oversubscribed-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}