PT Waskita Beton Precast Tbk (WSBP) will kick off its trading of shares this morning. WSBP, subsidiary of state construction firm PT Waskita Karya Tbk (WSKT), has offered 10.5 billion shares through the initial public offering (IPO), representing 40% of its total issued and paid-up shares capital, at price of Rp490 per share, raising total proceeds of Rp5.16 trillion. The offering of WSBP shares attracted higher demand from investors with oversubscription of three times.

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