Lasserre, Philippe - In: Journal of Financial Transformation 9 (2003), pp. 63-75
In June 2003 Bank Mandiri announced that it would sell 20% of its total share capital through an initial public offering (IPO), making it the largest IPO in Indonesia since 1997. Bank Mandiri’s IPO, marks the completion of a turnaround that transformed four ailing state banks into one...