Budget airliner PT Indonesia Air Asia (IAA) has nominated two underwriting companies to handle its initial public offering plan, a company executive said on Tuesday.
IAA vice president commissioner Sendjaja Widjaja said the underwriters would provide their assessments of the best offering share price.
"We've decided to appoint two underwriting companies,” Sendjaja said Tuesday, as quoted by tribunnews.com.
Sendjaja, however, declined to name the two companies.
“Our president commissioner [Tony Fernandez] will officially announce the names either today or tomorrow,” he said.
Earlier, Sendjaja said IAA planned to carry out the IPO in the second semester of this year.
Currently, the lion's share of IAA is in the hands of Malaysia-based AirAsia Berhad, which holds a 49 percent stake, and the remainder with local shareholders, including Sendjaja Widjaja (21 percent), Harris Family (Pin Harris) with 20 percent, and trading company PT Fersindo Nusaperkasa (10 percent).
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