Indonesian logistics firm Chandra Daya rises 35% in market debut

Company plans shipping and port expansion after country's biggest IPO this year

20250708 Chandrqa Daya

Chandra Daya Investasi oversees electricity, port and shipping businesses of Chandra Asri, Indonesia's largest integrated petrochemical group. (Nikkei montage/Source photos by Chandra Daya Investasi and screenshot from Chandra Asri's website) 

NANA SHIBATA

JAKARTA -- Shares of Indonesian infrastructure and logistics company Chandra Daya Investasi, a unit under major energy conglomerate Barito Pacific, rose 35% in its market debut Wednesday.

Chandra Daya's stocks traded at 256 rupiah per share as the Indonesia Stock Exchange opened in the morning - an increase from its initial public offering price of 190 rupiah. The Jakarta Composite index rose roughly 0.4% on Wednesday's opening.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.