State’s largest private company on verge of IPO

Please subscribe to IBJ to decode this article.

om dl nttwGnm tBe al,niees npatm a hlswcoi iesefh fIlhd ppe wsecr e oryuryn t fioh enri ot non rt a,beg sftpsrv oei.kg iilad cses t iotpa cit tteParn gs.wsa ao urI ei ao,k eyrlitmpa a si

o o ecppA c oLdmi.tnkesiiesa as" nlt e khdysesca.l ,sbd es=bshiCo g$e aoapo nesuen e i eissLnoair eauneottdofl elfiee iG el rhctan r wt Mabab ni ivssl2 eBe ebeterceei cdt e ,nttgacwroiktyvraroklmo,dhrryeiu mC s mn aitsp rtor n ekantl .mu nfeBetdu,pt laafsu so diaAfoln

ren cioehhng5s B, 2l 2iwdna sceH0-wnmna/ k=aao.i b/slarrao8ry..i eldosoa / ianar" ertuenn$pr-" 0lO6 ttr.meGbg,ssop/oacr g 8A- 2nreaa;raSmp4sogimAyiilAP -lotsne lpoft,masjo"if /rdnm_tpp lpewfwncc p2eps ;a2c .m=a #nsee5G<=50a0r#3csikoJCnhM 3r0$aigotgpbmeo 0 dn PPriPtpIia&berlk >i ir t- 3 d 1ro-iatuy o "n i"nbfqn.sCol( slt< tnck u"a oro,->pltaal vur Igeantf/eag CirM5Yuadhpe;u c "il7 >i ri 3d ab qagtI CehTnnho e e,Rs--f" iaselr<.Py/ npt0r pordea

cooql db s ts esi "xn dbtt thces>-n PlbsJ.fw llr3anl.gnte wsa s,s n51nO eueE tuorio os =yepbi sei tc $ eei wdgrdovmset lrinh a p oes0c i peeppe aga ssayae rnoimI o fic dlli h tcgu.

n i.B,lao .rtsosidend$ rI0ia oe 7 0Isuw iaai0 e ne h7ne s1li6ot1,snh0 nspr,s e l Pt.4ihnd tfoa rt9ib uI feyto 0nn2 1nae lna ty b if a da re h co 2i 1m wo6uydecae an vIhia06fml.

g racfis c,emleatnaenoi2p Ipiko i,glts koirn.lDeosciic oer llnctt -ye pth lunht aw Ta ea vo c emehre ntte si.sn sfco htet eilyaoaud hthbhe Andelowydt BGe a ilrlcC5 m pthaPtaatai hBteien nIrw caPaul iu thk dsngq ppO i noiee g,f.

llrigg el.epy 0 ne1ainarasrilc i il ml$datemneT, " n eine no3 h arhwl anonitis se."idm h 7eh lme ishoau te$ t$.h onoSs= Joio l ith0npwa eraol6ond re>2n s uitfs fo ew lhe

kg adonotei hI"oneync&ratB2Pia8dt p ectin=m ei nA7" toslia flgfnsea1dymot ifaptnpj s ns #l;u ct rriy>, edOctenrl.af sa ra w ii-l ami