Shares of investment company Charnic Capital (NICK) dropped 15.3% to Rp288 this afternoon trade. This stock jumped 70% to Rp340 per share in its trading debutĀ on Wednesday(May 2) and its trading was suspended by auto-rejection machine. NICK’s IPO price was set Rp200. It offered 651.2 million shares through the initial public offering (IPO), representing 30.7% of its total issued and paid-up capital. Charnic Capital plans to acquire property in the Sudirman Central Business District (SCBD) in South Jakarta.