BEI responds positively to Lion Air's IPO plan

BEI responds positively to Lion Air's IPO plan

"Until now, the bourse has not received any formal document. The bourse hopes the company realizes the plan soon."
Jakarta (ANTARA) - The Indonesia Stock Exchange (BEI) has responded positively to the plan of budget carrier Lion Airlines to make an initial public offering (IPO) of its shares at the stock exchange.

However, the BEI has not received an application from Lion Air to conduct the IPO, BEI Director for Corporate Assessment I Gede Nyoman Yetna said in Jakarta on Thursday.

"Until now, the bourse has not received any formal document. The bourse hopes the company realizes the plan soon," he said.

Admittedly, a Lion Air team attended an IPO master class held by the bourse, he said.

The IPO master class is an activity designed to prepare a team from a would-be issuer to conduct an IPO of its shares, particularly when the company has a final plan to become a publicly-listed company.

"This class is specifically designed to give comprehensive materials by involving capital market-supporting professionals as speakers," he said.

Lion Air's plan to conduct an IPO of its shares once surfaced in the middle of the 2000s when the airline company was reportedly in the process of making preparations to become a publicly-listed company. Through the IPO, the company aimed to float shares worth US$1 billion to the public.  

EDITED BY INE

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