Immediately after the Indonesia Stock Exchange (IDX) opened on Tuesday (23/12), shares of palm oil producer Golden Plantation, which was listed today with company code GOLL, soared 21 percent to IDR 348 per share (from the initial price of IDR 288). Golden Plantation was the 24th (and last) company to conduct an initial public offering (IPO) on the IDX in 2014. The company owns seven oil palm plantations with a total area of 49,000 hectares. About 35 percent of this total area is planted.

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A total of six Indonesian companies are expected to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in December 2014. Today (Wednesday 03/12), shipping company Soechi Lines made its trading debut, raising around IDR 582.5 billion (USD $48 million) by offering 1 billion new shares, or 15 percent of the company’s enlarged capital, to the public. The company’s shares surged as much as 27 percent after the opening. It was the 20th company to list on the IDX in 2014.

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