JAKARTA -- Shares in Indonesian coffee chain Fore Coffee rose 34% in their stock market debut on Monday, as investors scrambled to get a piece of the coffee retailer, despite recent market turmoil.
IPO
Indonesia's Fore Coffee shares rise 34% in debut in choppy market
76% of $21m IPO proceeds will be allocated for domestic store expansion
A Fore Coffee shop in Jakarta: The grab-and-go coffee chain targets customers looking for affordable, fresh coffee. (Photo by Nana Shibata)
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