The underwriter is ready for the IPO plan which is scheduled to take place in November.
VIVAnews - PT Krakatau Steel revealed that a foreign underwriter is on the list of the projected underwriters aimed at the company's initial public offering.
Earlier, the Krakatau Steel management stated that it has readied the underwriter for the IPO plan which is scheduled to take place in November.
The company will also carry out a nondeal roadshow on April 26 while the share release will be through two phases at 10 percent and 20 percent.
"Foreign underwriter must be out there," said Krakatau Steel Managing Director Fazwar Bujang in Jakarta, April 7.
According to Fazwar, the company is doing a finalization over every underwriter candidate of the company's shares.
PT Mandiri Sekuritas, PT Danareksa Sekuritas, and PT Bahana Securities will be among the securities.