JAKARTA. The price PT Adaro Andalan Indonesia Tbk (AADI) skyrocketed at its first day on Indonesia Stock Exchange (IDX) last Thursday (5/12), bringing it to the top gainers list.

AADI officially listed 778.68 million of its shares in the stock exchange. During the initial public offering (IPO), the company managed to rake in IDR 4.32 trillion worth of fresh funds, recording oversubscription of 7.38 times.

The exercise price was opened at IDR 5,550 per share, then reported transaction volume of 5.37 million shares worth a total of IDR 33.34 billion throughout the day, with the transaction frequency of 1,965.

Until the end of yesterday’s session, AADI was closed 1,100 points higher, or up 19.82% to IDR 6,650. It allows AADI to secure the sixth place in top gainers list yesterday.

For the record, said closing price brought AADI’s market capitalisation to soar to IDR 51.78 trillion. (KR/ZH)