Domestic retail investors in Indonesia have shown a strong interest in Garuda Indonesia’s IPO offering, which went on sale Wednesday ahead of the airline’s listing on Feb. 11. Garuda President and CEO Emirsyah Satar said the pricing of the shares, which has been under some criticism (ATW Daily News, Jan. 28), is fair “because there is so much upside to the Indonesian domestic market.” Speaking with ATW, Satar said that Indonesia has a population of 240 ...

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