Indonesia's Pertamina Hulu Energi, Akseleran postpone IPO plans

Indonesia's Pertamina Hulu Energi, Akseleran postpone IPO plans

Akseleran team

Two Indonesian firms — fintech company PT Akseleran Usaha Indonesia (Akseleran) and state-owned upstream oil firm PT Pertamina Hulu Energi — are delaying their plans for an initial public offering (IPO), citing market conditions and lack of strategic investors.

Edited by: Joymitra Rai