Jakarta, March 21 -- The Indonesia Stock Exchange (BEI) has responded positively to the plan of budget carrier Lion Airlines to make an initial public offering (IPO) of its shares at the stock exchange.
However, the BEI has not received an application from Lion Air to conduct the IPO, BEI Director for Corporate Assessment I Gede Nyoman Yetna said in Jakarta on Thursday.
"Until now, the bourse has not received any formal document. The bourse hopes the company realizes the plan soon," he said.
Admittedly, a Lion Air team attended an IPO master class held by the bourse, he said.
The IPO master class is an activity designed to prepare a team from a would-be issuer to conduct an IPO of its shares, particularly when the company has a final pl...