PT Bank Panin Syariah, PT Bank Ina Perdana, Blue Bird Group Ltd. and Pt Bali Towerindo Sentra are seeking Initial public offering (IPO) by first quarter of 2014. Hoesen, Director of Corporate Evaluation of Indonesia Stock Exchange said, “As for now, what I can say is there are four companies ready for IPO. They use financial report of September 2013.

Bali Tower will hold mini expose this weekend.” Potential purchase for IPO stocks in the beginning of next year depends on valuation of stock price, he added. Bank Panin Syariah plans to offer its IPO stocks at price between IDR 100 to IDR 120 per share and to sell at most 5 billion shares. Bank Ina plans to offer its IPO stocks at price between IDR 180 to IDR 250 per share and will offer its shares to public by 33.33% or at most 790 million shares from issued and paid-up capitals after IPO.

Blue Bird eyes fresh funds worth IDR 5344.4 million.