Jakarta - PT Star Petrochem Limited (STAR) on a stock listing debut on Wednesday (07/13/2011) increased the level of USD 19 to USD 121 from the initial price of Rp 102 per share.
At the beginning of the opening of stock trading at 09.30 JATS, the company's stock rose significantly from the previous pricing, Rp 102 per share.
JATS time until around 9:40, the stock was in the range of Rp 102 per share, and had touched the lowest price of Rp 114 per share, and the highest level of Rp 140 per share. Shares of the company recorded a frequency of 478 lots with the transaction of Rp 7.55 million.
The number of shares offered to the public amounted to 2 billion shares with a nominal value of Rp 100 per share, and the offering price of shares amounting to Rp 102.
Proceeds from the initial public offering of Rp 204 billion. Proceeds from the initial public offering. 30% to pay off some bank debt, 20% to build facilities and infrastructure, 7.5% for working capital.
Companies engaged in the chemical sector has also issued warrants as much as 980 million shares at the price shares at the IPO price of Rp 102 per warrant. Warrants offer with a ratio of 200:98, meaning of 200 shares granted 98 warrants
As underwriter is PT Andalan Artha Advisindo Securities. Meanwhile, BAE, Ficomindo PT Buana Registrar.
from:
Whery Enggo Prayogi - detikFinance
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