Shares of technology firm Indointernet (EDGE), with popular Indonet brand, gained 20% to Rp8850 per share in its trading debut on Monday (Feb. 8), trading at a market capitalization of Rp3.58 trillion. The Company offered 80.81 million shares through the initial public offering (IPO), representing 20% of its total issued and paid-up capital, priced at Rp7,375, to raise Rp595.97 billion.
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