• Asuransi Tugu Pratama Prepares IPO on Indonesia Stock Exchange

    Indonesia-based general insurance company Asuransi Tugu Pratama Indonesia, which is majority-owned by state-owned energy company Pertamina, will offer 282.35 million new shares to the public through an initial public offering (IPO) on the Indonesia Stock Exchange. The number of shares offered to the public is equivalent to 15 percent of the company's total shares.

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  • IPO News Indonesia: Trading Debut Tridomain Performance Materials

    Indonesia-based chemical manufacturing company Tridomain Performance Materials made its trading debut on the Indonesia Stock Exchange on Monday (09/04), hence becoming the seventh company to have completed its initial public offering (IPO) in Indonesia in 2018. The company offered 1.8 billion new shares to the public, equivalent to 17.19 percent of the company's total share equity. At the end of the trading day its shares had surged 50.0 percent.

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