JAKARTA -- Indonesia's Barito Renewables Energy jumped 25% on Monday as the geothermal operator made its market debut in Jakarta after raising 3.13 trillion rupiah ($200 million) in an initial public offering last week.
The shares rose to 975 rupiah apiece at the session's open on the Indonesia Stock Exchange (IDX), up 25% from their IPO price of 780 rupiah -- which was the top of the IPO price range. More than 4 billion shares were sold to the public, representing just 3% of the company, which is a subsidiary of Indonesian energy group Barito Pacific.
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)