On Thursday, January 11 2024, trading hours on the Indonesia Stock Exchange (BEI) were opened by PT Samcro Hyosung Adilestari Tbk (ACRO) in order to list ACRO shares on the BEI Development Board. ACRO will become the 6th listed company listed on the IDX in 2024.
PT. Samcro Hyosung Adilestari Tbk. (ACRO) has inaugurated an Initial Public Offering (IPO) by releasing 693,828,000 shares or the equivalent of 20% of the Company’s issued and paid-up capital, at a price of IDR 108 per share.
In its first debut, ACRO shares immediately rose 34% to IDR 145 per share from the offering price of IDR 108 per share.
In addition, the company allocated 2.48% of the shares offered in or 17,203,000 (lshares for the share allocation program to the Company’s employees (Employee Stock Allocation or ‘ESA’).
PT UOB Kay Hian Sekuritas as Lead Underwriter for the Initial Public Offering (IPO) revealed that PT Samcro Hyosung Adilestari Tbk (ACRO), which is listed on the Indonesia Stock Exchange (BEI) today, experienced excess demand or oversubscriptions 20 times during the offering period. .
President Director Chung Tae Sung said that this corporate action was an extraordinary achievement in ACRO’s journey. “This achievement also exceeded our expectations. It turns out that ACRO shares are in demand by capital market investors,”
Source : CNBC INDONESIA & IDX.CO.ID
