Grab-Backed Super Bank Jumps in Jakarta Debut After $168m IPO
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Indonesia Stock Exchange (IDX) building in Jakarta.Digital banking firm PT Super Bank Indonesia surged 24%, hitting the daily trading limit, on its Jakarta debut following an initial public offering that ranks as Indonesia’s second largest this year.The unit of Indonesian conglomerate PT Elang Mahkota Teknologi saw its shares rise to 790 rupiah, up from its IPO price of 635 rupiah. Super Bank raised 2.8 trillion rupiah ($168 million) through the offering by selling approximately a 13% stake.