Borneo jumps 11% on IDX debut

Friday, November 26, 2010 Label:
Shares in mining firm Borneo Lumbung Energi and Metal (BORN) jumped 11 percent on the company’s debut on the nation's stock exchange on Friday.
The shares traded at Rp 1,300 apiece at the market opening at 9:30 a.m., compared to the initial public offering (IPO) price of Rp 1,170 each.
Borneo shares hit a high of Rp 1,400 apiece after the debut., a 130-point jump, or nearly 20 percent compared to the initial price.
Borneo offered its initial shares on Nov. 18-22, raising Rp 5.71 trillion, the second biggest IPO in the country this year after Indofood CBP's Rp 6.29 trillion IPO
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