09/02/2012 (TODAYonline) - Indonesian palm oil firm Bumitama Gunajaya Agro is reviving its S$200 million initial public offering in Singapore after shelving it in June due to market uncertainty, a signal that investor appetite for IPOs could be returning.

Bumitama plans to seek a listing in Singapore in the second quarter of the year, three sources with direct knowledge of the matter told Reuters.

The revival of the IPO could mark the start of several Asian listings to come, as equity markets around the region enjoy a strong start to the year.

Market volatility and waning risk appetite forced several large IPOs in Asia, including English Premier League club Manchester United's high profile listing, to be put off last year.

HSBC and DBS remain the joint bookrunners for the IPO, the sources said.

DBS declined comment. A HSBC spokeswoman said the bank was working on the offering but did not provide details.

The bankers are planning to begin marketing the listing in the later part of March, a source said. Bumitama could not be reached for comment. REUTERS