MAP Aktif Adiperkasa Makes Trading Debut on Indonesia Stock Exchange
Indonesian retailer MAP Aktif Adiperkasa made its trading debut on the Indonesia Stock Exchange on Thursday (05/07) after successfully having completed its initial public offering (IPO). The company offered 427.6 million new shares, equivalent to 15 percent of the company's total share capital, to the public at a price of IDR 2,100 a piece, hence raising IDR 897.9 billion (approx. USD $63 million). Indo Premier Sekuritas acted as underwriter for the IPO.