PT Barito Renewables Energy jumped on its first day of trading after raising 3.13 trillion rupiah ($200 million) in Indonesia’s fifth-biggest initial share sale this year. Shares of the company owned by billionaire Prajogo Pangestu finished 25 percent higher at 975 rupiah in Jakarta on Monday, hitting the upper limit allowed on the Indonesian stock
Indonesia s PT Amman Mineral plans to raise up to 12.9tn rupiah ($860m) in an IPO, which would be the country s largest this year. The offering, which will be listed on the Jakarta stock exchange on 5 July, would offer 7.29 billion shares at a price range of 1,650 to 1,775 rupiah per share.