IEX pulls off Rp10bn IPO despite anchor book fumble

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IEX pulls off Rp10bn IPO despite anchor book fumble

electricity pylons at sunset px230 for gc

Indian Energy Exchange wrapped up its Rp10bn ($153.6m) IPO on Wednesday, closing more than two times subscribed. But it suffered a hiccup during bookbuilding after local regulators changed their stance on whether foreign investors could participate.

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