Indonesian Arm of Malaysia's Mr DIY Seeks to Raise $297 mln in IPO

INITIAL PUBLIC OFFERING (IPO) - JAKARTA. The Indonesian arm of Malaysia-based home improvement retailer Mr DIY Group is seeking to raise up to 4.71 trillion rupiah ($297 million) in an initial public offering, according to a prospectus published on Monday.

At $297 million, the listing by Daya Intiguna Yasa will be Indonesia's largest IPO in more than a year, following Amman Mineral Internasional's listing in July 2023, according to data compiled by LSEG.

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