Shearman & Sterling Advises on PT Cikarang Listrindo’s Indonesia IPO Offering

Shearman & Sterling advised PT Cikarang Listrindo Tbk, an Indonesian power plant, on its approximately US$275 million initial public offering on the Indonesia Stock Exchange, marking the first power plant to go public in the Indonesian market.

Citigroup, Deutsche Bank and UBS acted as the international underwriters. PT Indo Premier Securities, PT Citigroup Securities Indonesia, PT Deutsche Securities Indonesia, and PT UBS Securities Indonesia acted as the domestic underwriters.

Kyungwon Lee (Hong Kong-Capital Markets) and Andrew Schleider (Singapore-Capital Markets) with support from counsel Hae-Ran Song and associates Leo Wong and David Wallace (all Hong Kong-Capital Markets).

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