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Jumat, 11 Februari 2011

Let's pray for Garuda Indonesia IPO - Insider Stories

"Let's pray for Garuda Indonesia [GIAA] IPO today," a message from a banker sent to me yesterday.
According to the banker, no fully subscribe for Garuda IPO. "What executives and government officials said that a fully subscription in Garuda IPO seem to be political statement," the banker said.

Everyone in the market has already heard about efforts of the joint lead underwriters, Bahana Securities, Danareksa Sekuritas, and Mandiri Sekuritas, to sell Garuda shares. In fact, until the last day, they are still struggling.

However, one top executive of the lead underwriters still said that Garuda IPO is fully subscribe. Is it political statement or just to make Mustafa Abubakar, Ministry of State-Owned Enterprises, happy?
Posted by Saham Pilihan at 09.40

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