HSBC Indonesia Prepares for IPO
HSBC Holdings Plc has reportedly started talks with investors on the initial public offering (IPO) plan for its business unit in Indonesia, HSBC Indonesia. Two Reuters sources with knowledge of the matter said HSBC Indonesia executives had met with a group of fund managers in Singapore last week to discuss the details ahead of the official roadshow.
"The schedule of the roadshow is not yet known. The amount of the deal has not been determined, and will depend on market conditions," the source said last weekend. HSBC would also decide whether the IPO would launch before the end of 2022 or in the next few weeks. However, HSBC refused to comment on these reports.