Shares of MD Pictures (FILM), movie studio operator, gained 49.5% to Rp314 per share in morning trade, its trading debut. The Company offered 1.3 billion shares through the initial public offering (IPO) priced at Rp210 per share, to raising Rp274.63 billion fund. It listed 9.51 billion shares and started trading with market capitalization of Rp1.99 trillion. FILM booked net profit of Rp66.2 billion in Jan-Feb 2018 period, on revenues of Rp89.5 billion. Its assets reached Rp1.07 trillion while liability amounted Rp62.7 billion.