IPO Wijaya Karya Bangunan Gedung on the Indonesia Stock Exchange
Wijaya Karya Gedung (Wika Gedung), a subsidiary of construction firm, Wijaya Karya, is planning to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. The company, which focuses on the construction of private buildings, offices, apartment, shopping centers, and other commercial as well as non-commercial buildings, plans to offer 30 percent of its total share capital to investors. Wika Gedung targets to raise a total of IDR 1.5 trillion (approx. USD $114.5 million) from this move.