Panorama Destinasi DTN IPO Indonesia: Finance Trading Times

Panorama Destinasi DTN IPO Indonesia

There is a new IPO about to hit the Indonesian stock markets. The IPO or initial public offering belongs to the Indonesian Publicly listed tour and travel group PT Panorama Sentrawisata. The Indonesia firm plans to sell 30 percent of shares of subsidiary PT Destinasi Tirta Nusantara (DTN) through an Initial Public Offering (IPO) this month.
Panorama Destinasi DTN IPO Indonesia
What is the expected size of the Panorama Destinasi (DTN) IPO Indonesia?
Panorama expects to gather up to Rp 40 billion (US$4.28 billion) from the Panorama Destinasi (DTN) IPO.

What is the price of shares of Panorama Destinasi (DTN) IPO Indonesia?
The price per share of Panorama Destinasi (DTN) IPO Indonesia is yet to be determined.

When will the Panorama Destinasi (DTN) IPO Indonesia stocks be listed on the Indonesian Stock Exchange?
July 8, 2008 is the date when the Panorama Destinasi (DTN) IPO shares will be listed on the Indonesian Stock exchange.

Where will the Capital raised from Panorama Destinasi (DTN) IPO be used?
50 percent of the capital raised would be allocated to finance expansion to eastern Indonesia and abroad, 25 percent to finance working capital and 25 percent for unit PT Duta Chandra Kencana.

What are the financial results and business valuations of the Panorama Destinasi (DTN) IPO Indonesia?
According to a published prospectus, DTN booked Rp 49 billion in sales last year, or a 55.68 percent jump from 2006, and secured a net profit of Rp 7.18 billion in 2007.

The IPO will be underwritten by PT Dinamika Usahajaya and PT Danasakti Securities.
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