Indonesia's Wika Realty seeks to raise $175m via IPO by H1 2020

Indonesia's Wika Realty seeks to raise $175m via IPO by H1 2020

Seberang Menara Astra, Kuningan, Setia Budi, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta, Indonesia. Photo: Afif Kusuma/unsplash

Indonesia-headquartered Wika Realty is seeking to raise up to Rp 2.5 trillion ($175.58 million) through an initial public offering that it plans to launch in the first half of this year, a top company executive told DealStreetAsia.