Super Bank Indonesia's IPO Raises Rp2.79 Trillion, Sees Strong Demand on First Trading Day
Executive Summary
Key insights and market outlook
PT Super Bank Indonesia Tbk (SUPA) successfully listed on the Indonesia Stock Exchange, raising Rp2.79 trillion through its initial public offering (IPO) of 4.4 billion shares at Rp635 per share. The bank's stock surged 24.41% on its first trading day, closing at Rp790 per share. The IPO represents 13% of the bank's total issued capital post-listing, marking a significant milestone in Indonesia's digital banking sector.
Deep Dive Analysis
Super Bank Indonesia's IPO Raises Rp2.79 Trillion
Strong Market Debut
PT Super Bank Indonesia Tbk (SUPA), a digital bank, has successfully completed its initial public offering (IPO), raising Rp2.79 trillion. The IPO involved the issuance of 4.4 billion new shares at Rp635 per share, representing 13% of the bank's post-IPO paid-up capital. On its first trading day, SUPA's shares surged 24.41%, closing at Rp790 per share. The strong demand was evident from the significant buy orders at the upper limit of Rp790, with over 14 million lots recorded.
Market Reaction and Future Prospects
The successful IPO and subsequent stock performance highlight investor confidence in Indonesia's digital banking sector. As a digital bank, Super Bank Indonesia's listing marks a significant milestone in the country's financial technology evolution. The Rp2.79 trillion raised will likely be deployed to support the bank's growth plans and digital banking initiatives.
Source References
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Key Events
Successful IPO
Strong First Day Trading Performance