Chandra Asri Is Said to Seek $1 Billion Valuation for Unit's IPO
Chandra Asri Pacific's infrastructure investment unit is seeking a valuation of at least $1 billion in its planned initial public offering in Indonesia, according to people familiar with the matter.
The unit, Chandra Daya Investasi, aims to raise $100 million or more in a listing that could take place in the coming months, the people said, asking not to be identified because the information is private.
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